Mr. Frank Daly:

The point is, I suppose, when we talk about €1 billion, we were dealt a particular hand of cards; we had to pay the banks on the basis of an approved valuation methodology approved by the Oireachtas, the European Commission. So that's what we paid. All we're saying is that on our performance on top of that we will not just realise every bit of debt that was incurred, not just cover our own expenses, but return a surplus. Now, you go back to the ... you go back to the early days of NAMA and the debate about NAMA and all of the talk about NAMA being another big black hole and they would never actually repay anything like the senior debt or the subordinated debt and they would make a massive loss, we're saying no, that's not the case, that will be reversed and we will make a-----