If I am on the brink of insolvency, how is the government going to monitor the getting of a letter of credit to solve the insolvency ratios? Because it seems to me that instead of putting in cash, I'm putting in a letter of credit. That's a tip-off that my plan has a problem. How are you going to know? Who's going to decide?
On April 29th, 2010. See this statement in context.