Ciarán Lynch (Cork South Central, Labour)
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But you see, the ... here on the evidence that we have in front of us, this is ... I'm talking specifically about your term. In 2003, there are significant concerns about where the economy is going. There's significant concerns about the inflation that's in property and there's concerns with regard to the taxation measures and how it is affecting the property market. And as Deputy Higgins was referring to earlier, there is an adverse effect to that. While there might be greater profits being made upon the purchasing of homes, the cost of them are increasing significantly and having an adverse effect upon purchasers. So, what I'm kind of trying to drill down to is can you explain why no action was taken by the Central Bank board up until 2006 to start cooling house price measures? Why wasn't that happening?