Professor Patrick Honohan:

Now, in fairness to them, I don't ... I think their investment arm ... they are a huge company and their investment arm thought, ''Oh, yes what about those Irish ... Ireland seems to be coming well ... Ireland, we will take what is it? Oh, Bank of Ireland, let's take 3%.'' You may think 3%, that's a huge ... but they are just a huge investment firm and I doubt very much if they violated the terms of that contract and said, ''Oh, let's check with the guys who know in Dublin'', no.