Mr. Brian Cowen:

Well the worst-case scenarios that were being contemplated weren't even in the ball park of where it all ended up. I mean that's the problem and you're looking at a rise in interest rates to 2.5%. People said "That won't happen in the next six months, but we'll do that stress test for you anyway, we'll look at your impairment of loans as 0.03%, we'll move them to 0.1%." You know, all of these things are based on assumptions that were regarded as being within the realm of possibility but clearly, you know, no worst-case scenario met the once-in-a-century event that we were dealing with.