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Morningstar on exposure funds and financial companies may have to First Brands' collapse
CNBC Televisionยท2025-10-15 11:48

I I think everybody's antennas went up when we heard Jamie Diamond say there could be some other ones out there. I really want to kind of dig into this. So, one of the issues here, at least when it came to First Brands, it seems to be offbalance sheet financing.In this case, selling receivables. How common is that. And does that have the potential for contagion.>> A good question. It's it's relatively common practice. Um we we think about complex and opaque when we think the situation here with first brands ...