Sean Barrett (Independent) | Oireachtas source

Thank you, Chairman, and welcome back, Governor. You, in your presentation on page 9, you model the cost of our troubles in this regard as €100 billion, compared to how the economy would have performed "in the presence of [a] prudent pre-crisis banking practice". From watching it, what do you think happened to Irish banking? I think, you know, a most conservative, straight banking system, which ended up with the highest rate of bailout, I think after Iceland, in the world. Did you see in your studies what was happening in Irish banking?