Mr. Pádraig Ó Ríordáin:

I would echo that entirely, Senator. I think that, on the morning, certainly, when we came in, we were asked to come in that morning at relatively short notice and we were briefed at the same time as Merrill Lynch was briefed. And I have to say that I ... the briefing was quite shocking in relation to the position particularly of Anglo and INBS. And therefore the potential knock-on impacts on the rest of the system, you know, were clear, but particularly on Anglo and INBS. But at that stage again, as Eugene said, the timing as to how that would play out all depended on things like liquidity flows and all of that. And obviously the Central Bank would have had all of the information in respect of that and that was being monitored on a daily basis. So it was very hard, when you saw the initial briefing, to predict exactly where this would go.