Mr. John Hurley:

Looking back at it now and looking at the growth, the risks were much higher than we actually imagined. Well, you are asking me my assessment at the time. My assessment at the time was the assessment set out in the financial stability reports. I mean the world changed in the meantime but we, in good faith, made assessments at the time. And, clearly, all of this changed over the short period of time. Now, we did expect as a result of the reports going through 2004, 2005, 2006 ... we did expect, you know, that the assessments there would be sufficient to assist the stability of the system, but the pressures that came on subsequently changed all of that.