Mr. Dermot Gleeson:

Well it was just ... I suppose that that was what was discussed. I mean when Governor Hurley says "Can you get €5 billion to keep Anglo going to the weekend?" it wouldn't make any sense if you were going to guarantee six banks the next morning for us to be providing liquidity to the weekend. It was inconsistent with that. And that was an effort that was ongoing, not me, but Eugene Sheehy talking to officials during the night - we are doing this or we might bid at an ECB auction tomorrow. So that idea of Bank of Ireland and ourselves saving Anglo until the big event could take place at the weekend - and public companies often go till the weekend when they have a crisis because you get 48 hours when the stock markets aren't on top of you - would be inconsistent with the six-bank guarantee, so that's why I believe that solution was in the ether late into the night.