Mr. Cormac McCarthy:

I mean, your numbers are correct, but at the time of the guarantee, as has been well discussed, the view abroad was that there was a liquidity, not a solvency issue, and that was where people where focused. So at the time of the guarantee ... and, indeed, our financial statements for 2008, and the subsequent work that took place in 2008 seemed to indicate, that what existed was a liquidity, not a solvency issue. Ulster Bank was no different in that regard than any other Irish bank. Events subsequently transpired differently.