Mr. Bertie Ahern:

Yes, well I haven't seen the document but you've quoted most of it to me. What we did in the budget of 2007 for 2008, we made a number of changes to try to help first-time buyers.

We wanted to keep economic growth going and to keep it strong. And we wanted to stimulate the economy as much as we could to keep it strong. I don't think we made too many changes that would have made too much difference to most of the developers. And, of course, at that stage we did know since August 2007, once the liquidity problems did start in the banks, that life was getting more difficult. And it did get more difficult but it was based on liquidity. At no stage in those months up to that budget was anybody saying that the bubble was going to bust. And in the discussions around the budget of 2007, or the budget of 2008 in November, October-November, nobody was talking about the bubble busting.