Mr. Alan Gray:

No. I mean I ... the committee are probably very aware of the book on the fall of the Celtic tiger by Professor Antoin Murphy who ... I don't know whether he has given witness evidence here but I consider him to be the most insightful economist with expertise in this area. And I agree with assessment really that there has been undue attention on to the guarantee decision, which was probably the best option of the terrible options available but the horrific mistakes were made by many people prior to the guarantee and sometimes very significantly prior to and also post the guarantee.