Mr. John A. Moran:

I indicated that I am looking to sell the banks, but I do not think the banks are ready for sale. Indeed, I would prefer to sell a life company before selling the banks. It is often forgotten that the State also owns a large part of the insurance industry. The Deputy raised the notion that whoever buys the banks might actually make a profit because the assets continue in time. In fact, in my view, whoever buys the banks has to make a profit. If there is no profit in sight, there will be no sale.