On the recordMay 4, 2010
I commend my colleague from California who has been patient and has done a good job. I describe her statutory language as sort of the exclamation point in this. As the amendment reads, the very first line--and, again, I don't have to read it--at the end of this title includes the following. So it is at the end of the title. It is complicated to get this right, so we have a winding down and a disposition in receivership and bankruptcy in these institutions. In case anybody had doubts about what the language does, the amendment says the word ``shall'' in every sentence. There are no ``mays.'' The taxpayer ``shall'' not be exposed. There ``shall'' be liquidation. It is very clear what we are trying to achieve. I know nobody objects. We are on the bill. We ought to be able to start on a positive note. We are going to have times of significant division and debate on this bill coming up. I thought it might be worthwhile for the American public to witness a Senate that can actually, as it begins debate, do so with some unanimity.
