Brian Cowen (Laois-Offaly, Fianna Fail)

I hold no brief for that. The point I am making relates to the policy response to the banking crisis. The asset management agency set up will enable us to obtain a viable banking system. The proposal at the time from the Labour Party was to temporarily nationalise all the banks. If one nationalised all the banks one would be allowing the taxpayers to fund arrangements of all those banks and all the capital required.

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