Mr. Tom O'Connell:

Well, the stress tests are just a ... one tool and, in fact, I think I jotted down somewhere where ... they're not the be all and end all. There's a whole lot of qualifications to do with it. In fact, one of the most relevant deficiencies, if you like, of it in Irish ... in Ireland's case was that it's a sort ... the stress tests are sort of based on the assumption that the collateral can be realised at reasonable prices. In other words, so there's not a big crash. And ... but, of course, that didn't happen here. You know, it was the collateral, when people got ... went to ... when the banks went to seize security they ... the fields ... the green fields out in the countryside were worth nothing. But, in fact-----