Bill Foster: “I think the two most significant recent uses of this are the COVID epidemic, and also, the recent AI Executive Order.”

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----

This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.