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.
