Brian Cowen (Laois-Offaly, Fianna Fail)

I will mention two facts. In response to the Deputy's question, the first relates to the fact that of course recapitalisation of banks, including the provision of moneys to that bank, has arisen because there were inadequate shareholders' funds to take the losses in those banks. Second, the banking inquiry review confirms that the aforementioned bank unfortunately was of systemic importance and that were we not to have supported it, as Deputy Gilmore suggested at the time, it would have seen the banking system run out of money within days. These are the two facts.

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