Brian Cowen (Laois-Offaly, Fianna Fail)

We have moved far from the section at this stage but I have given a full reply to a parliamentary question on Ormond Quay which sets out the position and there is no point in adding to or retracting from it. Ormond Quay was not a complex product. They borrowed short and invested long and the short-term borrowing was straight up, as it were.

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