Sheldon Whitehouse actually said...

"And the cost, as you have said, of the fact that the system could not accommodate you in that way has resulted presumably in fairly significant losses to your creditors."

"The experience of a great number of debtors, mortgage holders, is that banks have become very difficult to work with."

"The national unemployment rate stands at almost 10 percent, and the situation is even worse in some areas."

"OK. You can see that we need to make Chapter 11 more efficient for small businesses."