Mr. Bernard Byrne:

-----that a tracker was a good product. It was not known. It is sometimes difficult to apply logic to a position that we now know to be true versus the history of the issue. That is evidenced by the draw-down statistics that took place over that period on how people drew down products, whatever level of information they had. The tracker rate was not any different from a standard variable rate product or people's position and thoughts on fixed rates. A number of people moved to fixed rates because it was cheaper at the time. It is hard to apply that logic backwards and say a bank should have said this because it should have known. I do not think anyone realistically could have known.