Mr. Charlie McCreevy:

Well, certainly the price of housing went up, there is no question - the facts speak for themselves and in the ratios to industrial wage. But there are other ratios that you can use as well, such as affordability. People had more money in their pockets due to less taxation, greater money, etc. So there are other ways of measuring that. But at the end of the day, Chair, whether we like it or we certainly ... and maybe we don't, it is the market that spoke. The price of houses went up, people were prepared to buy them at the prices they went up to. Banks were prepared to lend at ratios which turned out to be, later on, weren't so good for the banks either. So therefore, the ... now there are various-----