Mr. Con Horan:

Yes. I mean, I think that's a fair comment, I mean ... as the Chairman pointed out, even in March 2008, you know, contingency planning was going on in case a bank ran into a solvency problem. So, you know, clearly ... I think the macroeconomic view that I was getting at that time was that the Irish economy was still relatively robust, commercial property sector was still holding up, vacancy rates, etc., were still good so there wasn't huge concern ... sorry, there was concern, but there was also belief that the overall economic situation was still enough that we weren't seeing solvency problems.