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Thu 10 Oct 2008Banking collapse averted but guarantee rankles with public
OPINION:The stark choice was whether to let one bank go down or implement the guarantee scheme, writes Stephen Collins
AS THE drama and excitement involved in the Government's late night decision to underwrite the Irish banking sector subsided yesterday concerns were expressed by all sides of the Dáil that, while the emergency legislation had stabilised the banks in the short term, there were still a lot of questions about how it would actually work and what the liability to the taxpayer might ultimately be.
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