Joan Burton (Dublin West, Labour) | Oireachtas source

Well, for one, the sub debt ... because this was debt which had been taken out as these banks were getting into trouble at very high rates and that was a very risky sub-debt investment. That was one of them.

But can I just say this, Deputy McGrath, I think there's, if I may so ... in terms of the question you're asking, if a sovereign state takes an action, which offers guarantees, once that is done, Deputy McGrath, you have to take the fact that that is there on board. I would not have approached the guarantee in the way the Government did. I think it could have been done-----