Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Okay. I would like to ask Professor Black a question about Ireland. According to the Nyberg report, lending by the six banks covered by the bank guarantee of 2008 increased "from a stock of €120 billion in 2000 to almost €400 billion by 2007". The report points out that "the three years ending in 2006 marked the highest sub-period of sustained growth, with loan assets more than doubling overall, growing at a compound rate of almost 28% per annum". Would that kind of practice fit in with the bad practice or type of practice outlined by Professor Black at the beginning?