Mr. David Gantly:

Yes, I mean ... if ... I gave a presentation to the risk committee in November 2007 and there were senior members of the ... from the banking side there including the CEO, the group finance director and the ... it's part of the documents that you have and it's basically saying that we had ... I mean, our funding strategy in the short term was based about a geographic and product diversification and I show a list in that and I'm clearly saying that there is traditional avenues that we have used extensively, you know, forever, as it were, have suddenly started ... are drying up, essentially, so like the USC commercial paper market for instance, which is a very short-term borrowings, would be instigated by banks there - that was a €2 trillion market that within three months, four months just absolutely dried up so this was just ... we had never seen anything like this before.

I think, in answer to your question, I think there was a sense with ... that something was going to come over the hill to kind of rescue this, whereas, in fact, as I said for sure people thought liquidity crises were normally short term - that would have been my absolute opinion - so I think people thought that something ... I don't know what was in mind but that something was going to happen that was going to actually sort this out. And I suppose it dragged on ... "muddled on" would be as best I could describe it, and then you mention September '08 and, I suppose, the final kind of, in my opinion, cliff that really ... that the markets fell over then was the collapse of Lehman and that really was the straw that broke the camel's back, if I could, yes.