Bitcoin Forum

Other => Archival => Topic started by: ianbakewell on September 25, 2012, 09:38:04 PM



Title: Re: [CPA] [NYAN] [BMF] The Wind Changes Direction -- are you prepared?
Post by: ianbakewell on September 25, 2012, 09:38:04 PM
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 :(
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.