Michael Noonan (Limerick City, Fine Gael)

I was referring to the overall deal that Anglo Irish Bank and Liberty Mutual made with the insurers. For example, we got several offers of private equity stakes in Bank of Ireland but many of them, as well as buying a majority of the shares in the company, wanted the State to cover any possible risk down the line. There are no tails to the deal with Liberty, Anglo and the administrators, other than the levy. The State's commitment is to provide against insurance claims. Of course there are tails to insurance claims but nothing else is being covered elsewhere in the deal. That is the point I was making at the end of Second Stage.

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