We take 20pct of PC biz and bought 3pct of common. Then lend 3B convertible bond callable 120 plus 12pct cpn. We feel fine about position in it. Very unlikely we will payout. Transaction was done under a time of diress and I liked the terms. There problems similiar to AIG not on same size.
Cm - if that's a terrible problem I wish we had more of it
