The advice was we were in a downward trend, and the risks were that we would see the need for further reductions. If we didn't take the reductions earlier we'd see the need for bigger ones later. Those were the risks, and the view of the stakeholders was pretty clear. We had reductions that were larger than they had asked for, or they had asked for fewer reductions in some of the points leading up to this part of the cycle. As I mentioned, we did come from a high—and I can't recall the TAC in 2005—at the last part of the--
On June 7th, 2010. See this statement in context.