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

Or ... and against a background when intense competition between bankers to try and match their rivals for profits makes the prices of a home even higher. And, gentlemen, could I ask the two of you ... between 1996 and 2006 our research and PTSB house price surveys, etc., found that the price of a home increases by the ... the equivalent of the average industrial wage of a worker each year ... each year for ten years. And then compelling young working people to unsustainable mortgages, by common consent, Chairman, and perhaps for 30, 35 or even 40 years. Can I ask you, in your career in Ulster Bank, did either of you ever feel this is not good for society, this is immoral, it's unjust, it's bad for people, bad for society and to ... and to go to your board and bring such a concern to your board and have it discussed, and maybe then to go to the general banking situation with ... with these types of concerns. Just a comment on what was happening in house prices for ordinary working people? Mr. Torpey?