Brian Cowen (Laois-Offaly, Fianna Fail)

All recapitalisation would have had to have been achieved by the taxpayer in that case. We are now told the Labour Party does not support the NAMA process, that it would keep the losses in the banking system, kick the matter down the road and get through it somehow, and that, hey presto, because Deputy Gilmore would be in charge, the banks would be repaired and all would be well.

See this speech in context