Mr. Simon Carswell:

I cannot speak to whether they knew that. Certainly, there were individuals within the banks who would have raised reservations about where the banks were going. Another notable example is mentioned in Anglo Republic. In this regard concerns were raised about the banks' funding and, as I said in response to a question from Senator D'Arcy, the gap between short-term funding within the bank and long-term lending. It was noted within the bank - if my memory is correct, I think this was in 2006 - that the bank was potentially very exposed if there was any kind of issues in the funding markets.