I will actually now engage in that part of the proposal, because I would worry that new forms of unworkability or even inequality might enter into the picture because some EDAs will be in a position to credibly put up a rebate as part of a collateral. Banks will still look for collateral. Some EDAs will be in a good position, some won't. Incumbent-MP EDAs will be in much better positions than the EDAs of non-incumbents. Marginal parties will be in a very different position. If the bank is only able to look at those two entities and the likelihood of them being able to pay back, and if banks on an economic approach are asking for collateral, it's not immediately clear what the collateral will be, at least for EDAs.
On November 29th, 2012. See this statement in context.