Mr. David Doyle:

Yes, well the options that were all there in relation to the presentation by Merrill Lynch were discussed with the Taoiseach and the Minister. The first and overwhelming view that we did give them, which tied in with the view of the Central Bank, the regulator and the European Central Bank, that you could not have ... let a financial institution fail. Because of the complete collapse in confidence that would ensue, on top of the collapse in confidence that had already occurred in Ireland and internationally because we were dealing with a context of an international financial meltdown. I am not saying that that caused our problem.