Pat Rabbitte (Dublin South West, Labour) | Oireachtas source

I wouldn't like to claim knowledge that we didn't have. This was just such an enormous insurance bet that we were wagering - literally the deeds of the country - on it never being called in and that was a pretty scary place to be. Now I had advocated personally the nationalisation of Anglo privately and ... a date around this time, it's on the record of the House, an intervention I made to that effect, following which the late Brian Lenihan came to me to say that I had a letter that morning published in The Irish Timesconcerning nationalisation of Anglo and concerning the fact that I read into what the Minister told the House that he too is in favour of nationalising Anglo. He came to me to say that they had a two-hour meeting in the Department about replying to the letter that they decided in the event not to do so and that nationalising Anglo was not the way out that I might have thought it was.