Ms Ann Nolan:

I think there'll be sufficient funds to pay the ordinary debt holders; the credit unions, the State, the other people who are owed money but whether there'll be any for the subordinated debt holders ... first of all, there mightn't be and, secondly, we will do, if there is, everything in our power to avoid giving it to them. But I don't think a moral argument will get me very far. I think that's the tenor of my-----