Dáil debates

Wednesday, 11 February 2009

4:00 pm

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

In regard to major wholesale deposits by other banks, I am glad the Deputy has acknowledged their existence at Anglo Irish Bank because, of course, it is one of the reasons it is essential to safeguard the banking system because of the degree of default which would happen were the bank to have been let go to the wall at any stage.

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