Mr. Michael O'Flynn:

Well, some of the overseas assets that were sold quickly, and I resisted that, were extraordinary. We knew in the industry, those of us operating out of London ... there were very good examples in London. Some of the assets now that are maybe been brought to the market in Ireland are actually going to do well, but had they been sold back then like others were, you'd have had the same result. So it's extraordinary that we were in such a rush to sell good assets, a lot of them good income-producing assets, and, at the same time, hold the borrowers responsible for the outcome when the timing couldn't have been worse. I think in a banking situation ... and I have been through the banking issues in the past in terms of tough times be it in Ireland and in the UK and overseas. We worked through ... we paid all our money back. It didn't happen today or tomorrow but it was always the plan was you borrowed the money, you paid your money back and that's what companies like I wanted, like us wanted to do.