Comment by bell-cot

With some financial engineering, an "absolutely 100% dollar-backed" asset can be backed by a "more than 99% for-sure" mix of assets, which are in turn backed by a "96% good in even the worse case" mish-mash, which are in turn backed by a "I'd bet my left arm that more than 91% are okay" heap of stuff, which are in turn backed by a "we have checked on 84% of 'em" pile of smelly things, which are in turn...