Mr. David Doyle:

Merrill's were saying in their document, on the night of September, if you apply the stress test of whatever it was, 10% or something, maybe it was 20%, that there would be a large write-off in their capital, but, as I said earlier, that stress test was a theoretical one; it wasn't constructed on the basis that Deputy McGrath referred to earlier, getting in and actually looking at the individual loan books and the collateral cross-guarantees, net worth of the individuals and so on. So were we convinced that Nationwide was a wonderful organisation? No. Did we almost collapse when Anglo came in and said they wanted to buy Nationwide? Absolutely.