Joe Higgins of the Socialist Party has said that the Financial Regulator was made a "scapegoat" in the Banking Inquiry and accused Taoiseach Enda Kenny of leading the "silent non-opposition" as the country reached financial crisis.
Mr Higgins has said his conclusions and analysis of the Inquiry "found a very conscious policy of relentless deregulation of banking and the financial services which was pushed by the two bubble Governments led by Bertie Ahern."
Speaking on RTÉ's News at One, he said "senior politicians from the time will try to hang everything on the regulator", adding that he has heard a finding that has been leaked that said "they took no action of enforcement over several years".
Mr Higgins says his 146-page report is based on evidence, documents and the hearings of the Banking Inquiry.
In this document, he claims that he proves the Financial Regulator certainly must taken responsibility but that person was merely following in the wake of political leadership of the day who must "not be allowed to scapegoat" the regulator.
He said Enda Kenny, then Fine Gael leader was the "silent non-opposition" in relation to the huge profiteering and speculation that was going on in the property market to the huge detriment of people trying to buy a home.
Banking Inquiry was 'absolute theatre' - Shane Ross
Independent TD Shane Ross hit out at the Banking Inquiry, claiming it "didn't find out anything new at all", its "value was absolutely minimal" and its recommendations are "very weak".
Speaking on RTÉ's Today with Sean O'Rourke, he described the inquiry as "political theatre set up for this General Election. Look at the timing of it".
Mr Ross said that you "shouldn't have politicians holding inquiries of this sort, it was an absolute theatre".
He said the Inquiry was flawed in various ways, couldn't make findings of fact against anybody, was a political forum and had "huge legal restrictions".
Mr Ross, who stands in the Dublin Rathdown constituency, claimed the Inquiry was set up "as a political circus - and it was far too late".
The Independent Alliance joint-leader added that "the happiest people who read this report will be the bankers themselves", pointing out that he "couldn't see a mention of any banker" in the Inquiry report.
He concluded by arguing that the recommendations are "utterly feeble" and that the Inquiry's value is "pretty much negligible and a waste of time".
To hear Mr Ross' interview with Sean O'Rourke, listen below..