Brian Lenihan Jnr (Dublin West, Fianna Fail)

I did say in the other House and I will confirm it in this House that it would be the policy of the Government to follow that course in the event of a doomsday scenario. That is what one would do, obviously, because the State would want total effective control. One of the points made about moral hazard is that those who take risk in the bank should suffer in the event of failure. Of course, the shareholders are those who take the risk in a financial institution. There is no question that a true bail-out would involve bailing out the shareholders of an institution.