Mr. John Hurley:

Yes. When this was being discussed, and the options were being discussed, I was asked for my opinion. And I ... I ... my opinion was that it wasn't at all certain that the nationalisation of Anglo would not have as a big as a contagion effect as the default ... that ... that ... that if ... the contagion effect and the ... the ... the view of markets might take of Ireland incorporated and its ... all its banking, that it might have, through contagion, had a significant impact on the other banks. And when Anglo was nationalised later on in ... in 2009, the liquidity flows were enormous as a consequence of that. So ... so these were judgment calls in real time. There is no certainty about this. These were very big judgment calls where everyone was trying to ... to come to the right conclusion so as that something coherent could be presented in markets in a few hours. And if that coherence wasn't properly worked through, we would have come down.