Mr. Michael Walsh:

I think though, in fairness Deputy, I think there have been so many reports come out so to say, "this time it's actually different". Nobody, prior to ... certainly from my point of view, I didn't see it being in difficulty until 2007. You know, clearly the Central Bank and the regulator, on the basis of the information they had, should have seen it in 2006. I know Dr. Nyberg says we should have seen it in 2005. The reality is, I wish I'd seen it earlier because we would have been able to avoid, you know, the problem and the costs that subsequently arose.