Ms Marie Hunt:

The property industry was, I suppose, contributing to the crisis that ultimately happened. Usually when real estate crashes happen, they happen as a consequence of an economic downturn, and this was an unusual one in that the real estate downturn was the cause of the crash to some degree, because of the over-lending that was going on prior to that period. So yes, along with a myriad of other different things, the property industry was complicit.