Right, risk management is often about taking a huge loss, so that it doesn’t become an existential one. Clearly risk management was poor here. I only took exce

Right, risk management is often about taking a huge loss, so that it doesn’t become an existential one. Clearly risk management was poor here. I only took exception to the idea that they “tried to unwind the position,” which is clearly untrue. There would be willing buyers at the right price.