Mr. David Doyle:

Well, to be fair to Merrill Lynch, they had only been in there for ... on the assignment for a couple of days. They were reviewing the published documentation in relation to the financial institutions, which were statutory declarations under company law in relation to their financial results. They wouldn't ... they wouldn't have got much information from the Department of Finance because the Department of Finance was not the regulator of the financial institutions, but the people in the regulatory regime were supposed to be the experts on the true state of the banks. So were they to ignore what the Financial Regulator was saying or take it for what it was worth? I'm sure they would have assumed that there was a robust regulatory regime there.