David Cullinane (Waterford, Sinn Fein) | Oireachtas source

It was a policy decision. However, after the crash there was a decision to nationalise them, which came on the back of the bank guarantee. As a consequence of having to recapitalise the banks by investing so much in the banks, the quid pro quowas that the State would become a shareholder and, essentially, would own the banks de facto. That was a consequence of the policy decision that was taken. Is that what Mr. Carville is saying?