Seán Sherlock (Cork East, Labour)

Confidence is all important but if the taxpayers of this country are being asked to underwrite this, there should be some pain for the banks, there should be some quid pro quo, and there should be a possibility that the State would at some future date have a degree of equity in the banking system, if necessary. That is what is being proposed, and that there would be complete transparency in that process as well. Our amendments are reasonable and should be taken on board.

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