Mr. John Moran:

Yes. But it is also important to recall that some of the large members of the banking sector are owned fully by the taxpayer. We talked about public interest directors earlier and these banks must be conscious that they are spending taxpayers' money. It is appropriate for them in using the capital with which they were provided to recognise losses in the banking system that are the difference between the total amount of the mortgage and the amount of the mortgage that is sustainable or, if it is larger, the value of the property. They have a loss built in. It is not necessarily appropriate that banks use taxpayers' money to subsidise people who are living in accommodation - even if it is a family home - that is beyond their means. There are many people who do not fall into that category who need assistance whether it is from the State or the bank. However, there is a balance to be drawn here, which is quite delicate, in terms of deciding the scenarios in which an individual or family should continue to live in a particular house as opposed to any house. It is the extent to which that is a standard of living that they are reasonably and fairly capable of supporting themselves or whether it requires taxpayers' assistance to do that in the form of mortgage interest supplement or rent allowance or other provision.