Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

There was a particular model that was being operated by Irish Nationwide Building Society. Usually, if somebody went into a bank, they'd get a loan-to-value of 80%, 20%, 60% or whatever, and they would have to come up with some cash themselves. Irish Nationwide, if I'm correct, and you can correct me if I'm wrong, operated on a basis that they gave 100% funding but on the basis that they would get a proportion or a profitability on what they were giving the loan on. It's that lending model that I am talking about. Did anybody on the board ever challenge that practice of taking equity stakes in developments in exchange for 100% funding?