Mr. John O'Connell:

In general terms for any vulture fund taking hold of something like that, it would sell the performing portfolio on to other entities in the Irish market and then retain its core business, which is working with distressed assets. For those people unfortunate enough to be in that category, they will be dealing with something with which everyone in these Houses is familiar, and how they operate in their dealings with customers. The other entities would be moved to whoever purchases the performing loans from the vulture fund and, presumably if that was an existing entity in the State, it would deal with those customers but the staff would not survive that situation. The staff would not transfer with the work. That is the real concern of breaking it up when we believe there is no need to break it up. It is a successful entity and well capable of standing on its own feet for another 200 years.