A wide-ranging ‘discussion’ with Gemini. It started out with technical points about how to look at EPA WIFIA’s $2b loss (realized or unrealized — much more on that coming soon) but veered into broader issues of WIFIA reform. Interestingly, Gemini prompted some of this direction on its own and even sounded a bit polemic at times.
Usual caveats apply, particularly re the silicon ‘thinker’ confusing Fair Value discounting with FCRA budgeting.