Mr. Eugene McCague:

There was ... I wouldn't say there was an extensive discussion by the time I had arrived but bear in mind that this was getting quite late now - the banks had come in, they'd gone out and so on. I had the clear sense there had been an extensive discussion and there certainly was, to take your last point, a discussion on the fact that, you know, in some ways, it isn't quite binary liquidity versus solvency. I know people have set up the debate, if you like, as such. And, you know, serious illiquidity will ultimately lead to insolvency. So there was a view that if the liquidity issue wasn't dealt with, then obviously it would lead to insolvency. But I don't recall anyone calling it directly and saying, "I believe this bank is insolvent as of tonight."