Mr. Kevin Cardiff:

No, no. I ... I ... I can understand why it would feel like that, but what actually happened at the very start of September was a ... there was a trigger. Certainly on the ... on the ... on the financial sector side there was a trigger. And the trigger was that ... Reuters published ... Irish Nationwide received a credit rating downgrade. Not a good thing, but not in any sense fatal. But Reuters ran a story and their story was ... their story was "Irish Nationwide about to be liquidated." This was a trigger point because that could cause a run ... and it could cause a run on Irish Nationwide, this was a Friday, it could cause a run the next Monday.

And, in a sense, in our minds that was ... you know, this was the point. This was ... well, this is, "Okay, lads, this is what we have been getting ready for, this is what we have legislation for. We know now there has to be a series of meetings, we know there are a series of steps and we know that since we now have a specific case, the preparation will have to accelerate and become very specific." Up to then, we knew we might be preparing for something, but we didn't know what.