Dr. Michael Somers:

I didn't. I never thought that it would happen. I mean, one of the nightmares for us for many years - because I was responsible for our end for many years - was the IMF. I mean, that was the thing. Actually ... because we would be writing memos to Government telling them to cut back on their expenditure. That was the bogeyman that we held up, "Listen, if you don't behave yourselves and get your finances under control, the next thing is we'll have the IMF in here running the show for us." So, for me, I felt it was the ultimate humiliation actually for us, as a country, to have the IMF come in to run the show for us. Why did it happen? You know, we had three years warning of this thing. This all started in 2007 ... August 2007. And the bailout thing eventually occurred in ... three years later in 2010. And you'd say to yourself, "Well, could we have got our act together better? Could we have sold ourselves better or whatever in the meantime?" I mean, we had been ... my colleagues and I, we had been through worse crises in the 1980s where our debt was enormous and, you know, we got through it. We tapped every bank in the world for a few bob and none of them knew that we'd tapped the other fellas. So we'd a vast number of very small loans and suddenly we'd a big load of cash. And that gave great confidence then.

So what happened, you know, between my leaving and the collapse ... I'm not saying, by the way, if I was around that it wouldn't have happened. It probably would have happened anyway. But-----