Mr. Kieran Wallace:

First, that decision follows independent advice from PwC. It is not a decision that Mr. Richardson and I made independently. It was following the receipt of professional advice having appointed independent advisers to provide that information to us. The other thing is that nowhere in the liquidation of IBRC have we allowed an individual borrower to singularly bid on his or her own loan without competition from another party.

That is important to note because I think it is forgotten in the detail. As I said earlier, many of the individual borrowers who have been allowed to bid for their own loans have not been successful in acquiring those loans. Hypothetically if we had decided, after receiving independent advice, that we would allow the borrowers to bid for their own loans, it would have been a quite difficult exercise because we would have had situations-----