Jack Reed actually said...

"I completely concur, and I think the solution is to appropriately raise the debt ceiling, deal with the fiscal issues of the deficit that we face, and we are trying to do that."

"So a failure to raise the debt ceiling would be probably the most significant and immediate increase in the deficit that we are likely to see, the one act that would dramatically increase the deficit?"

"effectively without this majority--without the ability to nominate directors and then without the ability to insist they at least get a majority vote, the leverage of shareholders is diminished."

"In many respects, shareholders are the least powerful people in corporations, and they are, according to corporate law--and I will defer to Mr. Pitt and others."