Mr. Brian Cowen:

Yes. So, the point is, the question about the guarantee was to stop a run on the banks to stop an implosion of the banking system. But the inherent weaknesses in the banking system and the losses that were yet to crystalise in the banking system and to emerge were there. They were there before 29 September and they were there after 29 September. But it is often portrayed that is was that decision on the night that brought that loss. It wasn't. The purpose of that, that night, was to avoid an implosion of the banking system.