Ms Cathy Herbert:

Well, I don't ... I don't think anybody has suggested that ... well, some people have suggested, obviously, that you could have let Anglo go but I think nobody advising the Government at the time, and I think Governor Honohan, in his report, didn't contemplate the idea of letting Anglo go. I don't think we could have done that. And the fact that it was exposed to property to such an extent and that there were ... the number of borrowers was small, that their client base was small, that it was the size of the exposure that was the issue. We couldn't have taken on that, the State.