"Anglo Irish Bank was an accident waiting to happen" was the verdict at the Banking Inquiry from the man in charge up to 2009 of the agency that borrowed money on behalf of the State.
Michael Somers of the National Treasury Management Agency says they wouldn't deposit much money with Anglo for fear it would collapse.
The NTMA boss says at one stage he became worried after finding out money had been deposited more long-term than normal:
One of the country's leading property investors says no-one saw the financial crisis coming, even in 2007 or 2008.
Derek Quinlan has told the Banking Inquiry that the first time he realised there was a crisis was the collapse of Lehman Brothers in September 2008.
The inquiry has heard how Quinlan Private property assets under management climbed from €7m in 1991 to over €4.2bn in 2005.
It is estimated that Mr Quinlan owed around €3.5bn to Anglo Irish Bank and other lenders at one point.
He told the inquiry he was deeply saddened by the crash and the devastating impact it had on people.
Mr Quinlan says everyone was predicting a continuation of the boom.
The former Director of Finance and Risk with the National Treasury Management Agency says he warned on the Friday afternoon before the bank guarantee was announced of the unknown nature of what was involved.
Brendan McDonagh has told the Banking Inquiry that after being called to Government Buildings that night he made it clear that Anglo Irish Bank should have been nationalised.
He says when asked for an urgent response in an email to a proposition of a blanket guarantee on the afternoon of September 26th 2008, he felt it would not be a good idea:
Cathy Herbert, a former special advisor to Brian Lenihan, told the inquiry earlier today that Ireland's corporation tax rate did come under specific attack during the Troika bailout negotiations.
"There were reasons to be fearful," she said.
She sayid the late Brian Lenihan knew Ireland would end up in some form of a bailout, but believed it could have been delayed to see market reaction to the 2011 budget and implementation of the four-year-plan.
Herbert said corporation tax was specifically put on the table in return for the money being given to us:
