Mr. Michael Walsh:

Billion, yes. The own funds in the society at the time were about €1.5 billion, which leaves you with €7.2 billion.

That loan book was transferred to NAMA for €3.4 billion. So if you take those numbers, you are left with the maximum amount that the society could have cost, is €3.8 billion. Now any loss - and I should make this absolutely clear - any loss-----