It may well have. By limiting it to financial institutions as the only institutions that can borrow, it introduces a significant “brake” in the system, as opposed to “break”. It is significant.
I was attempting to shut down after a reasonable period of time—three years—the whole issue of loans that are not repaid, so that the next election would be fought with a clean slate, so that you're not into.... Even with financial institutions, you may well be into a six-year drag. There's nothing that says it will be handled within three years unless you put it in the statute, and that's what I was attempting to do. By forcing the parties to be responsible for the debt, you force them to say that this is the maximum amount we will allow you to borrow.