john wright, will agree -- if i have done my job right, it is a generous check that reflects the long-term damage and then some. that is the challenge. >> thank you. >> thank you. >> thank you, mr. chairman. i want to start by saying how glad i am that you were willing to take this assignment and how grateful i am to the president for asking you to do this. it is a tough job, but we know from your work in new york that you are up to tough jobs. nothing can be perfect when you have a disaster of this magnitude, but i have tremendous confidence in your diligence, your intelligence, your fairness, your ability to administer complex matters. thank you for your service to our country. i want to touch on two quick things. i know other members have questions. i want to make sure that i am understanding the framework hear correctly. i think i am. this fund that you are administering is the alternative to -- it is not a contract thing. in this litigation, that is correct? when people come in, it is a way to avoid complex legation for damages in this way? >> exactly. >> and that is helpful. if people know that, it will help them understand pair read i want to go to a second issue and jus