3 ms·
> it misunderstands what insolvency is - the inability to pay debts at maturity. This is redefining insolvency based on the (legally sanctioned) accounting tri
by shkkmo 4y ago
> it misunderstands what insolvency is - the inability to pay debts at maturity.
This is redefining insolvency based on the (legally sanctioned) accounting trickery of classifying assets as HTM.