06/04/2024
https://www.congress.gov...
"I agree with Senator Corker that a lot of this bill was turning over to the regulators to try to figure things out."
"I had the belief, and I think Senator Corker did, as well, that we wanted to have a preferred process for bankruptcy and resolution being only as a remedy of last resort."
"I would have real problems if there was going to be kind of an arbitrary taking of debt that would be converting it to equity if investors were not prewarned on that."
"I think Senator Warner would agree with that."