Mr. John Hurley:

No, no. We did ... we were stress testing for individual banks and some of the stress tests, particularly the bottom-up stress test was a very severe stress test which involved a significant shock to the property market, were stress tested. But it was an individual bank stress test and I accept, Senator, that there was no stress testing for the type of crisis that happened, not here, not anywhere, but, clearly, the risks that gave rise to this international crisis, they had their roots in some of the major issues that we've spoken about: a collapse in the broad market, a failure of the Basel accords, low interest rates for too long, far too much increase in the money supply. These are the things that gave rise to the problem that eventually came to cause the implosion of the financial system.