Pat Rabbitte (Dublin South West, Labour) | Oireachtas source

I ask Professor Honohan about Deputy Sean Fleming's point and the point raised by Deputy Richard Boyd Barrett about the profit redounding to the Exchequer through the Central Bank. Did I understand correctly that Professor John FitzGerald was saying in the article he had written, which I intended to read more carefully, that some €9 billion was likely to be saved by the Exchequer in the relevant period? Off the top of my head, I cannot think of anybody other than his late father who would have forensically examined Note 15 to the 2014 report of the Central Bank. The man on the barstool has divided the €64 billion fiasco into roughly two halves. He understands that as we prepare for the privatisation of our shares, there is now the prospect to recover the money put in on the recapitalisation side. He believes the money put into Anglo Irish Bank is gone, dead; that it is finished, over and kaputt. Is it the same as saying the €9 billion saving is actually €9 billion that will not go up in smoke?