Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

On the issue of senior bonds and deposits being ranked equally in law, pari passuto use the term used earlier, how much of a complicating factor would that have been at the time, if one were trying to separate good banks and bad banks and to separate deposits from bondholders? This issue was put forward during the course of 2009 and 2010 as being a problem.