Ninety percent of the banks we're talking about were foreign. Ninety percent of the banks--Coventree, etc., the non-banks--typically dealt with foreign banks that are not subject to my rules. It was those foreign banks that had the bulk of the liquidity lines. It was those foreign banks that declined to provide the bulk of liquidity, according to the agreements they had with Coventree, and Coventree was free to choose any liquidity line.
On June 16th, 2008. See this statement in context.