Mr. Eugene Sheehy:

I absolutely reject reference to the word "reckless". If you look at that reference there to, on page 62 ... that discussion was supported by a 64 page submission on that credit. It was quite detailed. It's a very large number, but there were very large deals going on at the time. It was participation in a syndicated loan actually. The methodology used there was that when loans went over certain limits, they went to the next level of authority. And they carried with them the approvals and arguments that the various levels prior to that had made. In this case, when we looked at it and it went to board, there was a lot of support. The individual had enormously, much higher net worth, there was professional evaluations, there was in overall, I think, a loan-to-value of around 50% in the entire exposure. So there was ... logically it made sense at the time.