Pearse Doherty (Donegal, Sinn Fein)
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I do not see from where the Minister of State is coming. There is no way that this would happen overnight. Unfortunately, we have been there and done that. The Minister of State and I sat on the banking inquiry. The Houses of the Oireachtas were convened and a guarantee was introduced basically overnight. Regardless of whether that needed to be done, it was a scenario in which, in the Government's view, it needed to be done immediately. In comparison, we are discussing something that is at the end of a process and only involves making money available to the board, which itself will only make money available to the banks. How could an institution even know within a day what call it would make on the SRB, given the different levels it would have to go through beforehand, for example, the waterfall?