Brian Lenihan Jnr (Dublin West, Fianna Fail)

Permanent TSB is and has paid money to the State for the benefit of the guarantee. The suggestion will, no doubt, be advanced in the next 24 hours that we should withdraw the State guarantee from the banks. Let us be clear about the consequences of doing so. The consequences of that would be to increase the cost of funding for those institutions. These are commercial realities upon which all Members of this House must reflect.

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