Michael D'Arcy (Fine Gael) | Oireachtas source

Can I ask you Mr. Murphy, you spent a lot of time with Rabo, a AAA-rated institution considered conservative and solid? The EBS, from your opening statement, changed its business model. From previous evidence from other institutions, they changed their business model at a similar time, around '01, '02. And in that period, I don't know the exact number for EBS but AIB, Bank of Ireland and Anglo were trading at about 30% year on year increase for eight years. We had Professor Bill Black - it's been a while since he's been quoted here - he would have considered that reckless, a reckless increase. Can I ask you opinion in relation to those levels of increase for a financial institution?