Anglo Irish Bank Hidden Loans Controversy - Outcome and Nationalisation - Legislation

Legislation

Further information: Anglo Irish Bank Corporation Bill 2009

Emergency legislation to nationalise the bank, titled the Anglo Irish Bank Corporation Bill 2009, was voted through Dáil Éireann, being approved by 79 – 67 before passing in Seanad Éireann without a vote on 20 January 2009. During the Seanad's debate on the bill, Senator Shane Ross claimed that "no-one was being told the truth about Anglo Irish Bank" and called the EGM of the previous Friday "a disgrace show corporate Ireland at its worst, as there were no answers to any questions". Senator Joe O'Toole advocated the chasing of those responsible for the bank's nationalisation "even into the courts", saying that a person could be imprisoned for failure to pay a household bill, yet those who caused the loss of jobs and pensions might not. President Mary McAleese then signed the Anglo Irish Bank Bill at Áras an Uachtaráin the following day.

Read more about this topic:  Anglo Irish Bank Hidden Loans Controversy, Outcome and Nationalisation

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