The banking inquiry report had "very few significant surprises" but it does have some "value and worth" to the Irish public, according to journalist and broadcaster Richard Curran.
Mr Curran made his comments on RTÉ's Morning Ireland this morning.
Mr Curran gave his opinion on the finding that, had bondholders been made carry some of the expense of the financial crisis, the Irish bailout might have cost the economy up to €9 billion less.
Mr Curran stressed that it is inaccurate to lay any blame entirely at the door of the then president of the European Central Bank, Jean-Claude Trichet.
"The figure of €9 billion is a humongous amount that we could have done a lot with in terms of public services and public expenditure etc - we could have done great things with it," he stated.
"But we also must remember it in the context that our national debt, instead of being €200 billion, would have been €191 billion, so I don't think we should go overboard in summarising what has been a calamitous event in Irish economic history, that it is all Jean-Claude Trichet's fault."
Meanwhile, economist David McWilliams said the banking inquiry report reveals "an aristocracy of incompetence" in the Irish banking system.
Mr McWilliams made his comments on RTÉ's Today with Keelin Shanley today.
"There are always three things to look out for with banks - first, when the share price goes through the roof, second when profits go through the roof and then when there is glowing, glorious commentary coming from the bank... that's when you know something weird is going on," the economist said.
On the same programme, Michael Noonan's 2011 claim that no threats were made to the country by the European Central Bank was described as "an unambiguous resigning issue" in light of the Inquiry report, which suggests that by Mr Noonan is incorrect.
The statement was made by Socialist Democrat's Stephen Donnelly.
Mr Donnelly noted that the work of the inquiry means we now know that then ECB president Jean-Claude Trichet did in fact threaten to pull emergency liquidity funding for Irish banks.
This, he said, was a direct threat to the economy and claimed that, in other countries, Mr Noonan's actions would be a resigning action.
Mr Donnelly said that although "things have changed in terms of administration - culturally, nothing has changed in Ireland".
Suggesting that parliament was asleep at the wheel during the banking crisis, Mr Donnelly explained that he withdrew from the banking inquiry because the Taoiseach had "over-ridden due process" and added two extra members of Government to the committee.
Fine Gael TD for Dublin Bay South, Eoghan Murphy, dismissed this claim as "nonsense" however and insisted that, although he feels the Dáil still "needs more reform", the Taoiseach "did not control the [inquiry] committee".
He said that, although the committee made the finding that a "direct threat" was made to Michael Noonan, the Finance Minister himself did not believe it was, in fact, a threat.
Mr Murphy also dismissed the suggestion that Mr Noonan's action may be seen as cause for resignation in other countries.
Also in the discussion, Professor Bill Black from the University of Missouri described the report as "worse than useless" adding that it "buys into this whole fable that it was just bad luck".
"You simply have to know 'logic', you don't have to know anything about economics, to know that Chapter One and Chapter Two [of the report] contradict each other," he stated.