Pearse Doherty (Donegal South West, Sinn Fein)
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Yes, the Minister is the shareholder and the scenario would be the same, with the ESM being the shareholder if the Minister were to transfer those shares to it. AIB would still have a board, however, which would run the bank. I suggest the Minister's analogy, while it sounds very good, does not stack up in practice. Perhaps the ESM would have more experience in running banks than the Minister would have or perhaps not, but that issue is not relevant.