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

Just to finish on that point, and Deputy Higgins has portrayed that this was a societal impact and the consequences that people are living with today. But just boiling it down to a business model, did at any time, at any level in Ulster Bank, was it considered that a product ... that the mortgage product that you were now issuing was becoming unsustainable given 100% mortgages, given LTV rates of 100% - you didn't have to come up to ten ... with the traditional 10% - income ratios with regard to the price of the house were moved off the map several multiples of ... schedules moving from 20 years out to 40 years and just the affordability factor? I mean ... like the basic business concept of selling cars, is if you want to sell new cars somebody has to buy second hand cars ... and it was becoming increasingly impossible for first-time buyers to come into the market because of affordability. Did anybody ... at anybody ... at any stage in Ulster Bank say this is ... this product is becoming possibly unsustainable?