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dofm • yesterday at 8:28 PM • 0 replies • view on HN

Yes — I think the thrust of it is that Oracle is unusual because all of their risk is on their books, right? They aren't using SPVs. So it's much clearer.

So the worry is that it makes it clear that the unexamined risk in the SPVs has a lot less light shed on it.

(ETA: that article suggests Oracle is using SPVs)