Mr. Conor Skehan:

Nothing we are saying puts us in opposition. The expectations of profit are wildly unrealistic among many of the former players in this sector. That has got to be questioned and those people will slowly lose their position on the pitch as they realise other people can make money with lower profit margins on larger developments. The other part of that though are the people Deputy Wallace just mentioned such as the land bankers. The land bankers themselves are seeking to recover land costs which were incurred at a period when people were excessively optimistic, to put it charitably. Many people in the sector must understand that that particular component of the price - the land price paid in 2004 - will never be repaid. They will never get that money back, in particular. We have to find a way of taking that out of the equation as well.