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

Mr. Neary, I want to go back very briefly to the bubble period again. Did you notice, around the 2002-2003 period, when banks like Allied Irish Banks and Bank of Ireland began to borrow very heavily on the bond markets, as opposed to relying on their deposits, which was the traditional thing in Irish banks up to then, did you notice this? Did you attach any significance to this as being a massive change in the policy of the banks and particularly when it was being lent on for speculative purposes, construction purposes and property-related spending?