Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Well, you know, any big institution that has loans right through the economy, even if it becomes insolvent, if you pull the plug overnight, there'll be huge damage. Like, Lehman Brothers, when the plug was pulled in the States, did huge damage. But it can be wound down over time, which is what we decided to do with the liquidation. So my answer is that if you do it, like, in one fell swoop it will create a lot of damage, which would have repercussions across the economy, but if you do it in a planned, systematic way, because you've got a dud and you need to remove it, well then you can do it, as we're doing it now.