Mr. John Dunne:

I think that's a fair thesis. There was real concern that if the issues were wrongly stated then you could have had consequences which were absolutely unintended and which would have been the opposite of what the bank was trying to do and in retrospect, I think that that was too dominant a concern and that in the circumstances which we now know were developing at that particular point in time, we should have erred on the side of incaution or uncaution, rather than caution.