Brian Lenihan Jnr (Dublin West, Fianna Fail)

No, I do not accept what Deputy O'Donnell says because it is not a policy that is capable of implementation. What is capable of implementation is, first, what has been required since last February, namely, that the bank be stabilised. The effect of the National Asset Management Agency approach will be to stabilise Anglo Irish Bank. Whatever bonds are issued on foot of that are issued by the Irish State but they are issued for valuable consideration, namely, the assets for which they are taken.

See this speech in context