Political Quotes

“I thank the gentlelady. In reclaiming my time, I wanted to explore this ``secured creditor'' so that the Speaker and those who are observing will understand clearly what this means. A ``secured creditor'' would be someone who holds collateral, which is a guaranty that's behind the bond. I'm going to ask you to flesh this out a little bit, but I'm going to say that it includes, perhaps, real property, which could be the actual factory, itself. It could be the equipment inside the factory. It could be cash collateral, security. It could be the cars sitting as ready for shipment to the dealers but not the cars in the dealers' lots, because they own those cars. Is that a reasonable picture of what ``secured collateral'' is when you talk about bondholders and the secured creditors? I would yield to the gentlelady.”