Industry committee  If there is no one who has a super-priority, then the person who has preferred status effectively is super-prioritized. Again the illustrations come up. Imagine a queue on the day of bankruptcy. Who is in the front of the line? So preferred status unfortunately wouldn't be be

Industry committee  Mr. Chair and committee members, I want to thank you for the opportunity to appear. I'll begin by clearing up some misconceptions that may be left from previous comments. First, a billion dollars is a lot of money. If you want to make the denominator large enough, say the entir