Pearse Doherty (Donegal South West, Sinn Fein)

If the Minister does not know whether it is a bondholder in Anglo Irish Bank that will be paid off as a result of the deal, he should note it has a fundamental bearing on the legislation. Only last week, if we are to believe what he told the people, he was over with his friends in Europe asking that unguaranteed bondholders in Anglo Irish Bank be burnt or made burden-share. If this were to emerge, then the call on the Quinn group would be less. Therefore, the call on the insurance fund would be lower. It is a very simple case. The Minister can say he does not know - it is a case of "see no evil, hear no evil, speak no evil" - but I put it to him as he put it to me that a little bit of homework would not go astray to help us, as parliamentarians, to decide which way we should vote on this type of legislation. Is the bondholder being paid off as part of this legislation an unguaranteed Anglo Irish Bank bondholder? The bondholder is to receive a cash payment of €80 million next Wednesday, with a €120 million call in respect of three hotels. My question is simple.

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