One might argue that because this was a high-level crisis, and that many had already lost their lives, the threshold for private action to support a public cause in this case was clear.
It could make it impossible for debtors to win round enough investors to meet the required threshold in new bonds that include collective action clauses.
While Organizing for Action is a nonprofit social welfare organization that faces a lower disclosure threshold than a political campaign, we believe in being open and transparent.