Kevin Humphreys (Labour)
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Reading the Central Bank's report, it hit me that after all the warnings the banks then went and commissioned Red C to do research. Those are accurate quotations from Red C about how it was commissioned to carry out research and there then followed several hundred letters being sent out to customers inviting them to come in. I am happy that the Central Bank is looking at it.

Professor Lane remarked on the culture that was there. I am not convinced that this could be interpreted entirely as culture. I wonder if any of the investigations are looking at the possibility of collusion between the lenders at the time. It seems too coincidental that so many lenders interpreted the tracker interest in such similar ways. Has there been investigation into collusion between some or all of the lenders?