Peter Mathews (Dublin South, Independent) | Oireachtas source

From the Government's point of view but not in accordance with conscience. The difference is 68% which is indicative of the bank's culpability in creating an asset price bubble. When the asset price collapses and the music stops - I will give the delegates a paper on this issue after the meeting - the bank should be accountable for 75% of the collapse in the asset price. The same applies to Allied Irish Banks, for which the figure is 72%. Irish Life & Permanent was at a figure of 300%, but it was an insurance composite and using reserves to lend. The whole thing is a mess. The customers of the banks, collectively, have been literally financially "Nagasakied". They are radioactive and will be exposed to financial radioactivity for the remainder of their lives, which is wrong. This should be taken into account on a case by case basis. There has been much use of terms such as "We have to be consistent" and "We have to be fair." Let us start with the issue of fairness. Who caused the problem? It was caused by the banks' boards, as the balance sheets will show. That is the starting point. What was the secured senior bond level in Bank of Ireland in 2008?