Mr. Tom Browne:

I think ... as I said in my opening statement, I think the big ... the biggest issue looking back at it now is that we got very big with a very small number of clients who were the most active in the market at that time. We defended our position too strongly with these people and our exposures went to levels that were unacceptable and as a result of that then, you know, the haircuts that the bank, you know, obviously were forced to take because they were very big exposures with clients reflected in the fact of what happened when NAMA came into being. And, you know, I've openly admitted it here tonight that we did actually defend ourselves too strongly with a small, select group of clients-----