Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

As you know, Mr. Dukes, the whole question of haircuts to bondholders or burning bondholders, so-called, they have been quite a controversial one ... just with the benefit of what you've seen in Anglo would you have a comment on the ... that general issue since the bank guarantee? Do you think that there were opportunities for much more severe haircuts to bondholders rather than taxing the taxpayer with their debts?