Mr. Michael Walsh:

I think whether it is prudent or sustainable, at the end of the day, are two separate questions. I mean, no loans were actually made which the society didn't deem were actually prudent. Would it have been sustainable going forward? I think the reality is almost certainly no and we all know, with the benefit of hindsight, it wouldn't have been. Clearly, those people who were interested in actually buying the society at the time and I think, you know, you have the names of a number of them, all believed the society was actually a good model and, you know, had good potential.