Mr. David Begg:

Because, right, the situation in Europe - the availability of huge amounts of money on the interbank markets and also the fact that you had large supplies of money looking for an investment home that this ... the combination of these two factors, you know, played into the bank situation where the bank ... the banks obviously went without or abandoned caution. Or perhaps not abandoned caution so much as felt that they had to have models, business models, which reflected Anglo Irish or reflected Northern Rock or whoever was coming into the market here that, you know, you had very experienced banks, very staid banks, very conservative banks as one would have felt previously-----