Mr. David Went:

I think that, you know, the best analysis I’ve seen of this is in Professor Nyberg’s report and I think that’s ... it's a ... for anybody who’s been involved in the banking business, it’s a very sobering analysis, it’s a very simple analysis.

The analysis is that there was a ... you know, the Irish economy was seen as all-powerful and people got caught up in it, if you like, and that's how it happened. And I think that Professor Nyberg's analysis is the correct analysis. There was, you know, a herd mentality, a groupthink, etc. I think that's the analysis of it, you know.