Mr. Alan Merriman:

Look I wouldn't, you know ... banks, building societies, financial institutions, very complex - nobody has a monopoly on wisdom. I definitely had a concern about the long-term sustainability of the society from a capital perspective and a funding perspective. I had a concern later, mid '07, about market and house prices and so forth, but nowhere near to what ultimately transpired. But capital and funding at an earlier date, yes I had concerns.