Mr. John Hurley:

What was ... what was really, I think expected ... we expected a gradual easing of the overall growth levels to take place. And we expected within that ... within that pattern, that financial stability would be ... would be secure. And that ... in my opening statement, I talked about how I saw that happening as we came through 2004 and 2005. We ... we expected ... we didn't expect what happened subsequently in terms of the continuation of that but then the interest rate increases came on board and managed to push back against growth.