Mr. Frank Daly:

No. I wish to respond. The Deputy is jumping ahead. The statement that we had to think of the consequences of aborting the sale relates to when the PIMCO issue came to light, not later on when we were talking about doing the sale with Cerberus. They were valid considerations and I have outlined them in my statement. I can elaborate on them if Deputy Cullinane wishes but I think they are self-explanatory. One does not abort a sale like that at the last minute without very good reason. I am older than Deputy Cullinane and I can remember when PPPs were a big issue and where some of them were aborted at the last minute. It was a bit of disaster for the State in terms of getting anybody to engage later on. That point related to the PIMCO issue. We had no reason to believe there was any issue in respect of Brown Rudnick or Tughans. To a certain extent, everybody here is looking at Tughans with the hindsight of what was revealed-----