Mr. Seamus Boland:

I pretty much agree with what Mr. Maye has said. We said eight whereas he said ten, so let us argue the point. The question is spot on. The reality, as outlined by my colleagues in the credit union, is that the slowness of the Government and the Department of Finance is trying to protect the existing banking system. That is why the slowness is there in allowing some flexibility and regulation to favour the individual, the potential homeowner, or the community. While we have a banking system at the moment with one kind of bank and another in a kind of zombie place, we are going to have this type of slow deliberation on allowing either the credit union movement to be regulated so it can lend more or a public banking system. We believe public banking is the way forward. Where there is no public banking system, then the existing banking pillars continue as they are. That slows down the Government, slows us down, slows people down who are not in housing, and slows down the country. That is what is happening.