Mr. Brian Cowen:

Well there was no recommendation from the authorities to intervene at that point. There was a situation that was arising in relation to the liquidity of that bank for reasons which I have given earlier to Senator O'Keeffe. But the issue was, you know, there was no recommendation coming to us, from our advisers, that that is what you do in this situation. And you know, 20:20 is great now. It's great now but all I'm saying to you is that we acted on the best advice that was available to us. Was there a mistake in analysis? Yes there was. There was a mistake in analysis but at the end of the day, you know, that's ... we now know that. But even whether it was mistaken or not, on that night, what do you do if your system is running out of cash? That's the issue and we had to address that problem, because if you didn't address that problem everything was at risk, that's what a systemic risk is.