Donnie: I can't hear you very well order extendacal There are three broad reasons to support the credit guarantee included in the Senate plan. The first is that the PLS market is a mess, and unlikely to recover soon. There are record number of defaults, but also conflicts-of-interest, bad servicing and endless lawsuits. Even if it does recover, there’s little reason to believe the PLS market can cover the entire demand for U.S. mortgages by itself.