James Geoghegan (Dublin Bay South, Fine Gael)

I thank Mr. O’Brien for his response on that.

I want to go back to the general financial situation and how the trust was operating. There was, as acknowledged by Mr. O’Brien at the last housing committee meeting he attended, underbidding for services and following up by continuously underbidding. To me, this looked akin to a pyramid scheme. I put that contention to Mr. Doherty and he sort of agreed with it. I put it to the AHBRA. How far removed was this from a pyramid scheme whereby the organisation basically kept rolling over and the music stopped when the money for the subsequent services was no longer provided? Is that a fair characterisation?