Mr. Brendan McDonagh:

No. Well, I mean ... I mean Merrill Lynch were working ... let's just put it like this: Merrill Lynch were contracted by the NTMA, because that's what the NTMA were instructed to do, but Merrill Lynch were effectively working for, let's just call it "the system", which, I mean, and the central nervous ... or, sorry, you know, the system was really being controlled by the Department of Finance, who had, I suppose, in terms of the central role, in terms of advising Government.