Mr. Cormac Butler:

Yes, some of the people I deal with, as a result of that type of transaction, are now in the hands of vulture funds. They are suffering today as a result of those transaction. Basically the transaction put them in severe financial difficulty. There were consequential losses apart from the actual loss. So if the loan was for €4 million, for example, and the person did not receive the €4 million, the person loses €4 million and that puts him or her in cash flow difficulty and the losses are an awful lot more. The result is that the other loans go into default, they are sold to vulture funds and then they are sold at distressed prices, so there is a compound situation.