Mr. Simon Carswell:

I do. The big debate is on what the bankers knew at a particular point in time. I speak a lot about the difficulties in how banks value loan books at particular moments and assess the quality of loans. Are borrowers repaying everything? At this point, and it was established - there was certainly some reference made to it in the market - there was a very heavy roll-up of interest, which would suggest that the banks were not getting their loans repaid, but I do not believe that had fed through the system in terms of their auditing and preparation for later accounts.