Brian Lenihan Jnr (Dublin West, Fianna Fail)

I discussed this matter with my officials and suggested it might not be a wise course of action at the time. That was the sole occasion since my appointment as Minister for Finance on which I met Mr. FitzPatrick. I met him, of course, on two subsequent occasions, after 30 September, with my officials, to discuss the future of the institution.

It is important to recall the focus of the PricewaterhouseCoopers report. It was a due diligence exercise on the loan quality of financial institutions but naturally inquiries were made in this report of other features. This was another feature which emerged and was viewed and described in the report as an issue. It was not listed in the report as a risk factor. When I told the House a few minutes ago that this was not viewed as a risk factor that was what was stated in the report. It was described simply as an issue to be pursued and my Department did pursue it. That was written in the report. Did the Deputy have another query about nationalisation and proceeding with nationalisation?

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