Brian Lenihan Jnr (Dublin West, Fianna Fail)

We have taken such steps and continue to take action to repair the financial system. We introduced the guarantee for deposits and other covered liabilities of the banking system to stabilise the banks' funding position. We have recapitalised Bank of Ireland and Allied Irish Banks which have seen considerable recovery of their shareholdings, in respect of which we have taken a warrant for the upswing and protected the taxpayer.

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