Mr. David Doyle:

I didn't disagree at that time. I wanted to see what ... how the argument would unfold and how the debate would unfold. The reservations about that approach that I touched on in my opening statement were that it could undermine the guarantee and call into question the need to have further nationalisations. We now know what happened since but ... so that particular argument, Anglo business case very doubtful, there's an exposed property market, the need to be nationalised and take out versus the other one.