Joan Burton (Dublin West, Labour)

Did the Minister read the full report presented by PricewaterhouseCoopers which dealt with all the due diligence examinations in respect of all covered institutions and identified, in particular, risk factors for the taxpayer in the context of the guarantee? Did the Minister say he read the full report or that officials presented him with summaries or blanked or highlighted sections of part of the report?

Will the Minister explain the transaction again? He suggests that Anglo Irish Bank placed funds in what he described as a "customer account" in Irish Life & Permanent. That is not banking practice; these are corporate accounts. Why does the Minister use the term "customer"——

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