Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I am of the view that the cap on bankers' pay should remain in place. I have said that previously. We have recovered all the money from Bank of Ireland. We will in time recover all the money from Allied Irish Banks. It will not be possible to recover the money that was put into Anglo Irish Bank and Irish Nationwide because those institutions were dead. I do not believe anyone will ever know for sure whether the decision to guarantee the banks on the fateful night in question was right or wrong. One should bear in mind why it was made, however. It was to protect the deposits and savings of the Irish people. Those banks were bust; they were empty. Had it not been for a guarantee-----

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