Thank you.
I'm going to take the next round, as the chair.
I want to start with Mr. Lockwood. I appreciated your presentation. In your presentation I think you adequately described what the challenge was with the LTD plan with Nortel, which is that it was in-house.
I don't know this for certain, but certainly the presentations we've had to committee.... The perception you had, as an employee of Nortel, was that it was managed in-house. So it was not managed by a third party, by Sun Life or Manulife, where it would have been in much better shape. And if it had been in bankruptcy or CCAA you would not be in the situation you are today. So I appreciate that.
One of the challenges raised by Manulife and Sun Life is that if you change the BIA or amend the CCAA you may in fact encourage more companies to take more risk and do their plans in-house, and thereby five years or seven years down the road we actually will have not one massive challenge like Nortel but seven or eight or ten companies that would be in this position.
What's your response to that concern they have raised?