Mr. Patrick Neary:

And ... because as far ... as far as I was aware they ... they had no access to the loan books or to the assets of Irish Nationwide. The meeting was ... was called to see to what extent ... an in-market ... in-market assistance could be appointed and could be made available to Irish Nationwide. Around that time, just to put this in context, there was ... there was a statement issued by one of the rating agencies, which was proved to be incorrect, to say that Irish Nationwide was, was seeking to reach an agreement with its creditors or something like that, if my memory serves me right. And, as a precautionary measure to make sure that ... the thinking at that time was that if there was a liquidity difficulty in one of the smaller organisations that could be addressed by the market, that we should try and favour that solution.