It’s a very real problem when financiers are managing portfolios of assets that require active stewardship and maintenance of those physical assets with no real experience in that line of business or interest in doing so beyond setting up the derivatives for sale.
It’s not like this hasn’t been seen before in our lifetimes. Throw anything in there and certify that it’s a quality asset- put no money into maintenance. I’ll be gone after the financial instrument is sold anywho.
