Mr. Tom Considine:

No, I didn't ... I didn't say that. I'm just outlining what the thinking was. Now, the ... in relation to ... there's so many of these reports. The IMF did an assessment of Irish banks in 2006, it published it in August 2006. And it did a stress test, it got a stress test done, and the actual outcome was published by the IMF as Annex II to its report. And it makes clear that they were considering a 40% ... the impact of a 40% fall in house prices. Now, the fact of the matter is they still concluded that the banks would still be able to cope with that. Now, it's quite clear that there was some problem with those stress tests, but that was the state of knowledge. Looking at them now it's very easy to say they couldn't have been right.