Really great marks. Almost perfect. Except the key piece "The company should be able to sell its AFS with minimal losses and about $2-3 billion of the portfolio pays down every quarter. The company also has some borrowing capacity. So, right now it looks unlikely the losses on the HTM portfolio will get triggered, it is a risk."
File this under... "thought it was bad, didn't know it was THIS bad." And enjoy the millions of dollars you made :P
File this under... "thought it was bad, didn't know it was THIS bad." And enjoy the millions of dollars you made :P