But it is better than having zombiebanks haunting a zombie economy.
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If you don't do that you are going to have a lot of zombiebanks.
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Nobel Prize-winning economist Paul Krugman calls them zombiebanks.
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We have nationalised two Irish zombiebanks and continue to pump billions of euro into them.
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If zombiebanks are allowed to fail, ultimately credit flows improve, perhaps both in volume and impact.
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We'd get no external help because we'd have given two fingers to the European Central Bank and handed them our zombiebanks.
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The newspaper claimed the Government was "prolonging the uncertainty in the hope that zombiebanks will, Lazarus-like, come back to life".
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This was the Japanese approach of the early 1990s and it led to a decade of zombiebanks, low growth and deflation, he said.
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EU COMMISSIONER Charlie McCreevy has warned that governments risk prolonging the economic crisis unless they tackle " zombiebanks" incapable of lending to companies.
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Zombiebanks are those impaired enough that their energies are used in keeping themselves upright rather than in playing their role within the economy.