Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. On page 8 of your statement you contrast the professional business model of Ballymore with that of the 1,000 or so new entrants many of whom, you say, on page 22 of your statement, "had little or no experience in property development". How significant a part did these new entrants play in the creation of the property bubble, in your view?