Appreciate all the work that you've done and certainly look forward to working with you in the future. I did have just a couple questions though. In many ways the CSEs are far less risky than they were before the financial crisis. And one of the reasons has been that the CSEs that credit risk transfer, the CRT piece, those programs. (00:09–00:17)
CLAIM
Asserts that CSEs (Credit Support Entities) are less risky now compared to before the financial crisis.
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