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

Okay. Thank you very much, Senator. There's been a number of engagements or questions this morning, Mr. Kelleher and Mr. Parlon, in regard to the CIF's engagement with NAMA, the CIF's and its members' engagements with politicians. I want to kind of broaden that out into other engagements as an active organisation and one of them relates to your engagement with the Central Bank. In the Central Bank business sentiment survey from late 2005 - the reference document is going to come up on the screen here shortly - from late 2006 the CIF was quoted as a respondent. In late 2006, the CIF's feedback was still very positive in indicating only gradually declining housing input and more moderate price inflation. Why were such positive statements given at the time and planning permission and housing starts were clearly indicating weaker industry conditions at that time, Mr. Kelleher?