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YanksGhost

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Re: Angelmin post# 629804

Sunday, 08/30/2020 4:01:59 PM

Sunday, August 30, 2020 4:01:59 PM

Post# of 797357
"First loss private capital" means private sector takes the hit except in extreme loss circumstances. It's the same principle underlying Credit Risk Transfer bonds where a GOV backstop kicks in during a catastrophic event or crisis.
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