Arthur Morgan (Louth, Sinn Fein)

I had not taken the Minister to be a wee Englander. I always thought he was reasonably sound on the national question but I will watch that space in future.

Does the Minister accept that he could have introduced emergency legislation before he nationalised Anglo Irish Bank to ensure that the taxpayers of this State would not be in hock to the bondholders of Anglo Irish Bank to the tune of €34.3 billion or, as I believe it to be, €37 billion? He could have prevented that if he had acted proactively through emergency legislation. He certainly had enough notice about how bad the bank was.

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