Mr. Simon Carswell:

The gaps in our knowledge will come from the confusion around what people were thinking on the night of the guarantee. There is very little paperwork on the guarantee, and we need to find out exactly what was the thought process behind the decision-making on the night of the guarantee, to go through the pros and cons list that was provided by the investment banks, the reason other options were not considered, and why this one was considered. There has been some discussion on that publicly by one former significant member of Government but we have not heard their thinking on the thought process behind the reason it was chosen, and also the reason the other options were ruled out.