> As he dug into the portfolio, MacWilliams feared it might contain other Solyndras. It didn't, but what he did find still disturbed him. The DOE had built a loan portfolio that, as MacWilliams put it, "JPMorgan would have been happy to own."
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> The whole point was to take big risks the market would not take, and they were making money! "We weren't taking nearly enough risk," said MacWilliams. The fear of losses that might in turn be twisted into anti-government propaganda was threatening the mission. The Fifth Risk
3:45 PM - 19 Mar 2020
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