The financial regulator, European Central Bank, politicians and the banks themselves are all to blame for Ireland's banking and financial crisis according to the Banking Inquiry report, published today.
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The report concludes that a key failure was politicians accepting there would be a soft-landing in the property market.
The financial regulator is the subject of damning findings – that it didn't use the powers available to it to keep a check on the banks.
And the European Central Bank is accused of using an "explicit threat" to cut emergency funding to Ireland if bondholders were burned.
Banking Inquiry Chairman, Labour's Ciaran Lynch, says the policies of Fianna Fáil led Governments before the crash, certainly added to the crisis:
