Mr. David McWilliams:

It is a very fair question. If the objective was to stop a bank run and that was achieved, that was a very important achievement. Had it not been done and had the Government gone down the road of allowing banks to go bust where would that have left us? That is a risk I do not believe any government can take.

The second idea is that the bank run had been stopped and the Government was beginning to take its own hands off its throat and breathe again to the extent that it had some calm. PwC was in the banking system. I do not think it is speaking out of school to say its report was not really worth much. It said the banks were quite okay.