Mr. Pádraig Ó Ríordáin:

Sure. No there wasn't, Senator, because the ... I think the ... the policy the entire time was to stand behind the banks and I think that the feeling at the time, and you'll see it actually in the rest of 5.5, if you go through what actually would happened at the time, seeing an insolvency, even for example the €100,000 guarantee scheme, there was two things; firstly those depositors would not have got their money for three months and in addition, there was a question of funding that, that scheme, so the Government would have had to come up with the cash to fund that immediately. So I think ... and that's only ... and that's the least of the problems. You then see how that would impact the other banks and depositors in other banks. It would have complicated the problem very significantly I would have thought. So as a result that ... that week it was not ... that was not part of the ... of the discussion.