Mr. David Duffy:

My opinion would be that in a circumstance where there was no guarantee with the lack of confidence in the system there was a significant risk as deposits would leave and there was a preponderance of short-term deposits. I don't know what the final outcome would be because I can't predict that. But certainly there would have been a high risk. With regard to the second element of burden sharing, obviously if there was burden-sharing there would have lessened the burden for us and that would have helped the position but I don't know what the rationale for the decisions were as I wasn't here so I can't comment further.