Cyprian Brady (Dublin Central, Fianna Fail)

People need banks to keep their business going and to pay their employees. We need a banking system. It was realised at an early stage that quick, efficient and drastic measures were needed and they were taken. There has been much commentary in regard to the establishment of the agency to deal with toxic assets. There appears to be some confusion on the part of the Opposition. Less than two weeks ago, an Opposition spokesperson suggested we deal with the toxic assets of banks through the creation of a good bank-bad bank system. Yesterday, the Minister for Finance announced details in regard to the establishment of an agency that will do exactly what was requested.

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