Thank you very much for the question, because I think it deals with an important clarification that I would want to bring to this committee.
ABCP, as it was called, is asset-backed commercial paper. As I understand it, essentially commercial paper is like a corporate IOU, where a company comes forward and says, we'll pay you a certain amount on a certain day. But we're talking about an asset-backed security, which is different in the sense that we're talking about actual assets being generated by cashflow from car loans and equipment loans and leases. So you have an actual hard asset behind this particular package.
What essentially happens, as I mentioned earlier, is that a leasing company will take a bunch of leases, bundle them together, and sell the cashflow to private investors, principally insurance companies and pension funds in the past, who had longer-term time horizons. Now we're turning to the government and saying, we're selling this to you; but what we're selling are actually hard assets. There's no mystery instrument in there. There are no derivatives; there are no fancy products. These are things you can go and kick if you want to go and kick them.
So these are hard assets, and our members understand what they are. And they are also under a responsibility to take these back if they don't perform as they're supposed to, the way they're traditionally structured.