Mr. David McWilliams:

He was on top of the brief he was given. This is an important distinction. At a time of crisis, there is a massive move for institutional self-preservation. It is a general rule. It is human nature. If there is a recurring theme in this process, it is that reality was denied at every stage. People did not want to look into the vista and admit that it could be that bad. This may be the pinnacle of that process.