Fotress will convince a bunch of investors that this plan has a lot of upside and very little downside. Raise $50b. Collect 2% mgmt fee ( = $1B). Then who cares what happens to the assets. FIG managers can retire comfortably. They just made an easy $1B. If FIG investors end up losing money, blame the government.
Recs
Fotress will convince a bunch of investors that this plan has a lot of upside and very little downside.
Raise $50b.
Collect 2% mgmt fee ( = $1B). Then who cares what happens to the assets.
FIG managers can retire comfortably.
They just made an easy $1B.
If FIG investors end up losing money, blame the government.