Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I have another question which brings us back to the 2002 to 2007 period.

From our testimony a witness came here and said red lights were flashing in other areas, such as if a bank's profitability was growing so fast, questions would need to be asked as to why that profit is growing so fast. The consumer price index between 2000 and 2007 was running at about 30%. Research carried out by Colm McCarthy for Retail Excellence Ireland showed that commercial rents increased by 240% in that period. So the CPI was running at 30% and commercial rents were running at 240% - was that a red light or not?