Mr. Brian Cowen:

It didn't set out to sustain and develop a property bubble; it set out to ensure that we could ease the bubble back on a soft landing projection, as was being suggested would happen. When you have a ... and that's the way it was going in 2007 and 2008 and would possibly have went in 2009 in that way on the basis that you were taking the heat out of the price. But what happened then was that the international crisis hit, access to funds and borrowings evaporated and so, therefore, the vehicle that was allowing you to move the house price situations were more normalised price level was taken from you----