Thank you.
On the deferral program, based on the data here, the overwhelming majority, it seems, of those who have applied for or are receiving deferral, according to the chart that you had.... The numbers are quite extraordinary. We heard testimony at this committee about the effect that mortgage deferral and default may have on the health of the real estate market.
Are you concerned overall about the deferral of all these different types of consumer credit and how that will eventually work itself out? We know that insolvencies were approaching 10-year records before the pandemic hit. Now payment obligations are being deferred, but this is going to catch up at some point. Is there a concern about what is around the corner as these deferred debts pile up?