Author

Topic: Re: [CPA] [NYAN] [BMF] The Wind Changes Direction -- are you prepared? (Read 421 times)

full member
Activity: 224
Merit: 100
The problem with this is when A and B have losses too, and to make up for that, toxic assets make their way out of C to funds that should be clean of that junk.

Unfortunately the liquidity does not exist on those toxic assets to allow for a capital injection upstream, so an asset transfer happens instead Sad
A is personally guaranteed, so if shtf I guess it just works out to a bad day for Usagi, still do not like seeing "safe" funds holding this junk.

Oh looks like the contract says its insured by CPA ... so those shareholders would be having a bad day.
Jump to: