David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I do not know precisely how that €66 billion was spent other than being told it was used by the banks to recapitalise those banks. It would be useful if we could get a breakdown of exactly how that money was spent. For example, which banks got what from the first €66 billion? What was the money used for when the banks were recapitalised? What did they do with the money? Are there reports that we could get a breakdown? The Committee of Inquiry into the Banking Crisis may have gone through all of this. It is an extraordinary amount of taxpayers' money to put into private institutions, which we really had no legal requirement to do but did anyway on the premise that, at the time, a decision was taken that this would have been a massive shock to the economy had we not done it. We can argue or disagree about the degree of shock that would have happened with regard to the different banks involved. I think that the information we have is far too vague and that we need a further breakdown.