Mr. Brendan McDonagh:

No, not at that stage, because at that stage the Government had ... made the decision to issue a two-year guarantee from 30 September 2008 and the banks, you know, still had this, you know, issue about liquidity and they were trying to extend the maturity of their funding so it was about issue ... being given the wherewithal to issue debt with a two-year maturity so that they won't be reliant so much on short-term funding.