Mr. Brendan McDonagh:

It has been said some in the banking and property sector did not speak loudly against the claims there would be a soft landing in the property sector during the banking crisis. We have highly qualified and good staff. However, we have a complex portfolio with 55,000 individual property units. The people buying our assets are no fools. I need smart and clever people on my side of the table to make sure we protect the taxpayer. We will continue to do the best we can. However, an important tool of my operation is having the right people.