Brian Lenihan Jnr (Dublin West, Fianna Fail)

We all agree on that. The question of senior debt, even in Anglo Irish Bank and Irish Nationwide Building Society, is not raised. Perhaps the Minister has decided to be discreet about this and work in private about it. If that is the case, I would respect that because much of the talk about default on senior debt in Ireland has had an adverse effect on deposit taking in the Irish banking system. I had to listen to several years of it on the other side of the House and I sympathise with the Minister in that regard.

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