Mr. John McDonnell:

There was at that point in time, Chairman. As I mentioned earlier on, there had been impacts on liquidity as a result of the US subprime market and the securitisation market had effectively frozen and liquidity was becoming, I suppose ... wholesale liquidity was becoming more short term and was becoming more expensive and it was recognised in the global markets that liquidity had become more difficult. That is what we meant by "in common with other banks". It wasn't just Irish banks. It was right across-----