Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

Deputy Donnelly used two phrases that registered with me. First, he described banks as acting rationally, and second, he said that this is the banking model. I disagree with him in this respect. I believe that was the banking model. That was the approach one would have expected from banks acting rationally. As he knows, and as we all do, when the banks were acting rationally in that way, they found themselves in a position in which they ended up having to come to the State for assistance.

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