Brian Lenihan Jnr (Dublin West, Fianna Fail)

My reply was not vague. Of course Anglo Irish Bank will be covered by NAMA, because it is owned by the taxpayer. What I was pointing out clearly, when Deputy Burton used the word "bailout", was that Anglo Irish Bank is now owned by the State - the taxpayers. The valuation procedure as between NAMA and Anglo Irish Bank carries no risk for the taxpayer whatsoever.

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