On the other hand, we are assuming UBMO is willing and have enough slack to come for the rescue. That may be untrue if the heads of UBMO are particularly disappointed, or momentarily without liquidity (because of tech stocks etc.). in the latter case, nobody would broadcast there’s a problem, because it’d only make things worse, and soon it’d all be over.
(For onlookers, I think the above comment is a valuable warning but is still pessimistic and speculative.)
Thank you for your incredibly detailed and expert perspective here. This seems very valuable.
On the other hand, we are assuming UBMO is willing and have enough slack to come for the rescue. That may be untrue if the heads of UBMO are particularly disappointed, or momentarily without liquidity (because of tech stocks etc.). in the latter case, nobody would broadcast there’s a problem, because it’d only make things worse, and soon it’d all be over.