Mr. Fintan Drury:

I think if you go back to when this annual report was published, it was well received. The view of Anglo Irish Bank, at that time, would have been still uniformly positive. The share price was coming under pressure for reasons we've discussed or have been discussed here already. I think that the growth story that Anglo was at that time, or had become, was one that was largely admired, was largely admired by all external audiences or most ... the vast majority of external audiences.

And so, at that particular time, I don't think that there was anybody that I can recall who was identifying and establishing in any definitive way or ... a problem with the growth story of Anglo Irish Bank. Now, that does not mean that the board of the bank at the time, including non-executive directors, wouldn't have had a responsibility to take a wider view and to look at the figures in the stark manner in which you have presented them, Deputy, and you're right, in which they look now when we look at them. We didn't, and that is again clear from the documentation you will have read, and all of you will have read and seen in preparing for these meetings that, you know, the view that was taken of the growth of the bank was that it could continue to grow. The problems that manifest themselves, both the global one, which I have stressed in my opening statement, but which I do not want to over-stress because I think it in ... if I was to do so, it would, kind of, try and negate what happened here - and I mean in Ireland and I mean not just in Ireland, within Anglo Irish Bank.