i am joined with chairman kerry in welcoming our ambassador, nancy lindborg, and leon sigal today's hearing. we look for to there in size and hopefully their inspiration. thank you mr. chairman. >> thank you very much, senator lugar, as always they are thoughtful and important questions to ask and hopefully we will get the answers to in the course of the afternoon. let me say we do have two panels today and we will try to get everybody to hear at inappropriate manner. in victor cha is in the former asia director at the national security council and professor at georgetown university. evans riviera is the president of the three a society and former deputy assistant of east asian pacific affairs. if leon sigal is professor of social science research council in new york and author of disarming strategy is, of a agreed framework, and that nancy lindborg is president of mercy corps and work inside the north korea to help deliver food aid to women and children in many parts of the poorest parts of the country. they are greatly appreciated for their expertise being here and i just introduced ambas

revere, leon sigal and then nancy lindborg soe evictor if you would begin that would be terrific. >> thank you mr. chairman, senator lugar, members of the committee. it is a pleasure to appear before you again to talk about north korea. i have submitted a statement for the record, which i would like to be part of the record and i want to focus my comments more on some of the discussion that took place during ambassador bosworth's testimony and in particular some of the questions the committee members torres king. the first was that when the committee asked how the financial measures were that were used in 2005, and they are essentially what we did was the treasury department issued a financial advisory, something called section 311 to u.s. financial institutions to be wary of doing business with a particular bank in macau that was thought to beholding north korean accounts that were dirty. that was a very isolated action but it had the effect of causing many other banks around the world and regulatory agencies to ask, why is the treasury department doing this? when they understood th