Mr. David Duffy:

I think it was relatively straightforward. If you have an over-concentration in a particular asset class, and in this case property, and you have a funding profile that has too much short-term funding in it and you are suffering what would be then a global liquidity crisis, then you are not well positioned to respond to that because you are going to see a very correlated reduction in the asset values which are going to burn through your capital very quickly and that uncertainty that that creates, without appropriate diversification, leads to an exit of deposits which turns a global liquidity or a domestic liquidity crisis into a solvency crisis. So a concentration risk and a funding structure that was subject to too much short-term departure of your funding.