Mr. Dermot Gleeson:

Well I said to them, part of the little introductory chat I had, was that Nationwide had got under the radar because it didn't have a share price but that its bonds were trading at 20% of their value and their credit default swaps suggested that their credit was not worth anything. And so, I mean, it was said in those terms. I don't think there was anyone in the room who didn't realise that was an institution that was in terminal trouble but what language precisely was used, other than what I said myself, I can't remember.