In fact, you said precisely that earlier, and that is one of the reasons why I decided to pursue this discussion with you during my speaking time. I would be delighted if you could change my perception, but what I take from your comments is that you are trying to rationalize this and say that, on the basis of your performance, your compensation could be enhanced. That is my perception. You keep trying to convince us that, in relation to others, you are not so bad.
Earlier, you and I agreed—although it was very difficult to have you admit this—that you lost billions of dollars last year. Earlier, you said that, as regards ABCP, the risks associated with the liquidity of these products were underestimated. You come here and tell us that you did a poor job, that you lost billions of dollars, but at the same time, you persist in asserting that, compared to others, you are not the worst off in your industry. I see that as an attempt to pave the way for your giving yourselves bonuses.
Am I wrong?