Dr. Dan McLaughlin:

I wasn't involved in it but it is pretty ... I made the point in my statement that the Irish banks' liquidity take from the ECB and ELA peaked in late 2010, early 2011, not in 2008. I was trying to make the point briefly that a lot of things happened from 2009, 2010, 2011 and 2012 which, I think, are also relevant to why banks ended up losing so much money.