Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

But Mr. Walsh, with respect, the society was involved in highly speculative activity. KPMG, its own auditors, referred to, you know, the speculative land developments. And, for example, you got a letter in 2003 from the regulator expressing concern on the growing concentration in property and development land. And then by September 2008, 80% of your loan book was in commercial property, and 81% of its land and development exposure was in speculative property activities.