Mr. Frank Daly:

I think, Deputy, and again it's based objectively on what we found, that it displayed an attitude to lending that, to my mind, did not include a rigorous assessment of the ... what the lending was for, and didn't really take into account the broader, overarching degree of lending to the property sector in this country during those years, and in particular lending that might have been going on elsewhere to the same debtor or, I suppose, a holistic view of supply and demand. All of that money would be-----