Mr. Kevin Cardiff:

Let's be clear, they were afraid that first of all the Irish banking system, then the Irish Government and then the rest of the eurozone was going to be pulled down the tubes. You know, like one of those little ... when you throw a weight with a string on the end of it over an edge, you know, it falls but everything attached to it falls too with increasing momentum, so they were afraid of the contagion effect of Irish difficulties on, first of all, Portugal but then on others.