our final panelist will be whitney debevoise -- it's hard for me not to say that the french way -- who is a senior partner at arnold and porter in which she rejoined in 2010 having served as u.s. executive director of the world bank from 2007. whitney's experience includes brady plan restructurings at the end of the 1980s global debt crisis, and debt restructuring of the belize, greece and argentina, numerous privatizations. we should have some of those coming along out of these debt problems. as well as eurobond financings. he has written extensively on the securities regulations, debt restructuring an international banking and sovereign immunity. we are are delighted to this truly knowledgeable and outstanding panel with us today. now each of our panelists are going to speak from 12-15 minutes. after that we will give them a chance to react to each other or to clarify points that they have made. after that we will open the floor to your questions and we will adjourn probably at 11:00 expect promptly. things are being with us. >> thanks. so as it turns out when you talk on puerto rico