Mr. Mike Aynsley:

Every bank has computer systems within which they store data. They complete a transaction, they store the data and that data changes as interest rates change or maturity dates happen and get reset, etc. But, it also records security data and any other number of aspects of a transaction. What we found was that they were in such a hurry to transact business and write new business that they had put a minimum amount of information into the computer systems. So, it then becomes a matter of going back, file by file, back to the original documents, original files, and rebuilding that over time. That is, again, one of the enormous pieces of work that needed to be done, just so we knew where we were because in the absence of a .... I mean a lot of its guarantees were worthless but there were some that were worthwhile. But if they weren't on the system and you didn't know they were there, you really didn't have a solid basis to value the loans. So, it kept on coming back to a process of revisiting the original loan documents and rebuilding that data from the ground up.

To answer your question, back in '08, if somebody walked in and said "we need to do a quick look at this portfolio and see its real health", it would have been very difficult to do that.