Ms Ethna Tinney:

No. It was never alluded to and my sense would have been that 99% of them were acquiesced to. To your earlier question about, you know, when is a personal guarantee not a personal guarantee? Well, look, I ask you this question: how come all these bankrupt developers are rolling in money? They all gave personal guarantees, not just to us but to other banks. The banks didn't get money back, but they still have loads and loads of money. Now, riddle me that. I don't understand it. I never saw the legal documentation on which these proposals were founded. What I do know is that because the answers had to be made so fast was that ... I have absolutely no doubt that the proper lien was not perfected on many of these agreements.