Mr. John Corrigan:

Well, I think that the content of that e-mail underline the point that Brendan McDonagh and I have made, or make, that there was a dearth of knowledge, of detailed knowledge around the institutions and one of the things - if I could just comment on it and I know you don't want to got through the questions individually - but again, as a non-accountant, one of the things that surprised me when I got involved in this controversy was this notion of rolled-up interest which features in the questions that he raised. And the rolled-up interest was part of the loan conditions made to certain debtors. And, by definition, with the interest being rolled up, the loans couldn't be in default because there was no interest payable. But what we found interesting, and again as a non-accountant I found extraordinary, was that the banks were accruing as income the interest in those rolled-up arrangements. So I remember when we did our due diligence on AIB, we asked them about the extent of the rolled-up interest because with the collapse in the property prices, it was obvious to us that rolled-up interest probably would never be collected, and yet for prior years those rolled-up interests had been treated as income and would have been reflected in the profits of the banks who clearly ... which clearly, therefore, with the benefit of hindsight, would presumably have been overstated. So I remember that was one of the issues that we focused on but I think it's the extent of the questions underlines, or punctuates, the lack of detailed knowledge, which is the point that I've already made.