Terry Leyden (Fianna Fail)

The PricewaterhouseCoopers report was sent by the Minister's officials to the Financial Regulator. Those issues were dealt with at that time and it did not affect the decision to nationalise Anglo Irish Bank. It had no bearing on that because the money had been repaid. However, we are taking our eye off the ball as far as Irish Life & Permanent plc is concerned. It put at risk €7 billion of ordinary savers' and investors' money. It was very lucky to get the €7 billion back because it could have been pocketed by Seán FitzPatrick and his team at Anglo Irish Bank. What a gamble it was.