Mr. Pat McArdle:

I did say, in my ... Deputy ... in my statement that I was not attempting to absolve the banks from blame, right. And they were certainly up to it. It was merely a question of the priority I was getting at ... in that ... we are talking here not about individual transgressions of the nature you are talking about. We are talking about saving the system in Ireland ... the whole banking system that cost that €64 billion or €30 billion whatever it is that you referred to earlier ... and in that way I said there was only one watchdog who could have done something about it, right? And I also said that ... this ... while I am familiar with corporate governance and the responsibility of boards, I ... I think I illustrated how really, that doesn't work or didn't work. And to come to the nub of your question, Senator, I knew nothing about the matters you refer to until I heard them raised here, I think it, was it yesterday? So I have no comment on them.