Mr. Frank McDonald:

I do not know that for a fact, but I know that, in general, people who were high net worth individuals would have been under a lot of pressure to take part in different syndicates. They would receive telephone calls from people telling them that they were being too cautious and too conservative and that they needed to have more leverage. "Leverage" was a polite word for debt. In other words, they needed to get into more debt for their own good and that they would make loads of money in the end, but sometimes it did not work out like that. Sometimes things went down rather than up.