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Post# of 732400
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ron_66271

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ron_66271

Re: Nightdaytrader post# 727741

Sunday, 05/12/2024 10:24:18 PM

Sunday, May 12, 2024 10:24:18 PM

Post# of 732400
Correct!

A Covered Bond just like the WMB Notes.

More assets than liabilities to cover all losses.

WMB Notes where covered at a 2X ratio.
$26 Billion in assets for $13 Billion in liabilities. Now grown to ~$14 Billion.

Now consider the performance payments from the base assets?



Ron
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