Professor Edward Kane:

They do. I did some work with some Spanish economists on what the price of the guarantee should have been quarter by quarter. I was not familiar with the European scene but just by our method, I was shocked to discover that the Dutch banks were in a very dangerous condition, which turned out to be the case very quickly. This work could have been done. These calculations are not perfect but they are indicative and one can get at a figure for what should be paid for the safety net support.