Mr. Michael O'Flynn:

Yes, I ... like, Deputy, it's a fair question and I did say in my statement as well that there was a big difference between the approach of professional developers from part-time developers and I can't speak for how ... how poorly some governance was in loan applications. But the reality is that if the loan application ... the person making the application had a poor system it looked like it might have still got through and I can only speak for companies like ours who actually did our business in a certain way. And when our business transferred to NAMA, there was no outstanding security, no outstanding undertakings, no outstanding anything because we were as keen to make sure that our security was done properly. So, to answer your question, I think that there ... based on the evidence of people from NAMA and elsewhere, there were a lot of ... of less than proper legal and other diligence work done and people borrowed money.