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Monday, September 13, 2021 2:59:12 PM
but just about any future will have some form of guarantee or re insurance not available to others who do not do the same for working income America
but yes --- if F and F become say a utility with no special GAIN some where they should not have special obligations
Historically F and F did the extra stuff to confirm the at first EXPLICIT guarantee then for years the so called implicit guarantee
so
again
assumption - by me - is burdens and some money losing business activity - comes with the Treasury guarantee which reduces their borrowing costs as much as the other stuff costs them and makes the profit picture super cleaner
all as I understand it
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