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Sun 08 Aug 2009Lenihan rejects 'wholesale nationalisation' of banks
Minister for Finance Brian Lenihan has given a strong indication that the State is prepared to take a majority stake in one or both the main banks but he has again rejected the idea of "wholesale" nationalisation.
In an interview published today, Mr Lenihan said the State could become the majority shareholder in AIB and Bank of Ireland as part of the National Asset Management (Nama) process.
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