Mr. Tom O'Connell:

Yes, well, I mean, that paper went up to highlight to people that our property prices here were very high. And, I mean, I felt it wasn't really for me to sort of suggest actions, you know, because the ... I put the issues forward to the board and the Governor and in fact, actions could or would be taken only by the regulator and the actions taken would be as highlighted by Patrick Honohan's report. You know, credit ceilings, or sectoral limits, moral suasion. I mean, some of these things may have been tried with ... by the regulator. But, in fact, I remember Con Horan saying to you folks here that in 2005 he suggested moving to take some actions, and he said to you that the CEO of the Financial Regulator took it up with the director general of the Central Bank, and to Con Horan's disquiet, that was put off until 2006.