Brian Cowen (Laois-Offaly, Fianna Fail)

Of course it did not help the situation, but that source of instability was dealt with in July and August through the mechanism we have just been discussing. However, the problem now is that an aspect of the nature of that transaction is under investigation. Those are the facts with regard to the CFD position and the unwinding of the shareholding by Quinn in that bank with regard to that matter. It is an exaggeration to associate with us and CFDs the rest of the problems of the economy, including the international recession and the depreciation in sterling.

See this speech in context