Michael D'Arcy (Fine Gael) | Oireachtas source

And, again, to Mr. Kelleher, in evidence last week, Mr. Dan McLaughlin, chief economist with Bank of Ireland, outlined the fact that his view was that it was the commercial real estate property sector that was a difficulty. And I'm going to quote you from last week, and it was in ... making a point to Deputy Pearse Doherty. "You, know [that] the State injected ... €30 billion into Anglo. Anglo was not a residential property manager." Did the CI ...Construction Industry Federation have any analysis upon the quantity of commercial real estate or ... we have spoken about the 90,000 plus units being unsustainable, but it would seem from Mr. McLaughlin's evidence that it was the commercial real estate that broke the banks and not perhaps the residential. Did you have any conversation with the banks in relation to there being an oversupply in that sector?