Mr. Patrick Davitt:

Well our own ... my own view of what caused it is that the money was, I think, too freely available. Like a lot of European banks and German banks must be ... pumped a lot of money into the Irish market and banks here gave it out to different people which caused that different people could buy properties and bid against each other on the same banks' moneys and rise the property prices up and that's really where the prices went up very, very ... too far.