> In other terms it was necessary to explicitly clarify that
> the definition of "assets" or "any other financial
> instrument" in the legislation did allow for such public
> injection of capital so as to ensure that the regulations
> following the legislation would allow for such
> interpretation and actual practice. Since it was too late
> - by Wednesday last week -- to explicitly modify the
> legislation to allow for explicit wording on this matter
> and since Treasury was resisting such late explicit changes
> (that would have jolted the banking industry) the tool that
> was used (in full agreement with the House and Senate
> leadership) to allow for such interpretation was to have
> Representative Jim Moran use the October 3rd House floor
> debate right before the final vote to put on the legislative
> record such interpretation.
In other words, to smuggle the provision past the banking industry, they had to obscure it so no one found it before passage.
Shane