Mr. Des Carville:

The Deputy must contextualise this in terms of what was happening in the economy at the time. It was a policy matter at the end of the day. I will see if I can explain it to the Deputy as I can understand from where she is coming with the question. It is a good way of looking at it. We had a choice in that period of either bailing out the banks or not doing so. The policy was to bail out all the banks and put the bank guarantee in place. Ultimately, shareholdings would be taken in the banks and there would be investment in contingent convertible capital notes and preference shares etc. The cost of that-----