Mr. Brendan McDonagh:

Yes, but the Deputy asked why we sold the foreign assets. When the yields started contracting below 5%, we would take the money and get out. We held back from dumping on the Irish market. We said we would sell as much as we could into the Irish market, but we were not going to do it in a silly way that would make the situation worse. There was a lack of bank finance in the market for mortgages and commercial property here as the banks were forced to deliver.