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look, "we want to improve our credit profile, fundamentally or by structuring, so that we can tap buyers with higher ratings hurdles" is a cromulent treasury goal, but this graf fires the neurons in my brain that remember CPDOs and the aggressive rating arbs of 2005-07 www.ft.com/content/4ffa...

sickos dot jpg

ABN Amro is still around! (technically!)

So is AIG, just need to wait until they start yoloing tranches of compute backed debt