Mr. David Hall:

I specifically mentioned those three banks. A great story was spun spectacularly by Bank of Scotland about it doing deals, but it was about commercial stuff. Anybody who visits its offices and tries to negotiate with the bank finds a chaotic residential mortgage office and nobody ever wants to touch their files. When somebody says Bank of Scotland, Danske Bank or Bank of Ireland our team collectively has the same view, that it is next to impossible. All other contributors here today and all other organisations have exactly the same view. When creditor friendly organisations who would have been instructed by and working for Danske Bank and Bank of Ireland, in particular, agree with us, one knows there is a monumental problem. In our financial chaos of the last six years we had good and bad banks and toxic banks but when debtors are in trouble these are toxic banks as far as debtors are concerned, and toxic in the nastiest way one could find.

There is no rhyme or reason. They are exiting the country. They are like dying wasps. They have made attempts to sell their books and they have no one to answer to. They do not have a PR company because they do not care as they are not lending any more. They are just advertising and saying "Come in, we'll give you credit."