Mr. John Dunne:

Well, I wouldn't deny that lights should have been flashing. Of course, they should have been flashing. All I'm saying is that the concerns that board members had, in both the regulator and in the bank, were ameliorated and mitigated to the extent that we pushed those concerns aside in a way that we shouldn't have by the strength of the advice that was coming from within the bank itself and from the external commentators. I mean, we had, not just the professional staff of the bank telling us that the buffers were sound, we had the ESRI, we had the IMF, we had the OECD, all of these bodies telling us that, despite those concerns, which were very real concerns, and despite the fact that they were being discussed in the boards as major concerns, nonetheless, that was the weight of the professional advice.