And that $455B commitment is where bozos like Ed Pinto & Chris Whalen claim that F2 would need to pay their $25B in earnings as interest on that "loan" (NVM that it isn't a loan).
Agree that Bessent is clear about the interest rate not being impacted. Hope that Ackman gets through to them. Offered to meet!
right; i just interepreted that as taking remaining funding commitment and turning that into a paid for explicit guarantee; didn't contemplate upping that committment by declaring nws as payback; shrug