David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Roughly 50%. Half of the €66 billion went into Anglo Irish Bank. Then NAMA was set up and was given €31.8 billion to take the bad loans off the banks. The banks then crystalised losses. The losses are €42.6 billion. In the case of Anglo Irish Bank, it was €21 billion, a majority, and we can maybe question the wisdom of that. What happened when the banks crystalised those losses? How did the banks acquit themselves or deal with those losses?