Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. The issue of the fact that 90% of the moneys owed were owed to Irish banks - and you address that as a weakness as such, in ... or a mistake in terms of the model that you pursued - how is it that ... given that you were so successful in the London market in particular, and one would imagine the large UK banks would be knocking on your door and wanting to get involved in providing funding for these developments, how is it that you reverted in almost every case to the Irish banks, who ended up funding 90% of your developments, the vast majority of which were actually abroad?