>I know the answer is that they are leveraging a fee across firms Moral hazard achieved as a precedent has been set. I suspect billions, if not trillions, of d

>I know the answer is that they are leveraging a fee across firms Moral hazard achieved as a precedent has been set. I suspect billions, if not trillions, of dollars are rotating positioning to game this liability displacing outcome. We will find out who gamed it best and what strategies they used in the coming months/years.