Mr. John Moran:

There are lots of people in Ireland who in the last two or three years have probably bought a house and sold it at a profit, right? I wouldn't consider them vulture investors. There are lots of Irish people who have bought assets, there are REITS that we set up in order to get capital into the Irish system, the shareholders of which are maybe Irish people as well as foreigners. Our question, and your question is, do you want to have a system that encourages private investment into the system or do you want it all done by the Government? Because in a rising economy, asset prices go up. The more assets a Government can hold, the more profit it will make. NAMA is just one example of the assets, right, if we hold the shares in AIB in a rising economy, it will go up. If we hold it for 50 years, it will probably be worth more than it is today. But at some stage I'd prefer, if I was being asked by the Minister and the Government, I would say, "If we could release that capital, although we will release the future profit, let's spend that on building schools and universities because that's the business of government." But I may have different views on what the level of government is, and the involvement and the size of government is, than you may have, and I'll just simply express my advice. And, and you will find, and it's not, I don't think, as I said earlier, helpful to be talking about vulture funds, we are talking about investors without which we wouldn't have office space, without which we wouldn't have housing, and we're talking about a housing crisis in this country. We need to have people wanting to come in and invest. They're not doing it in Greece, which is why their economy is reducing in size and people are suffering. So, anyway, it's a personal view, but-----