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There are many ways one can try to defend Ginko, but saying it has "transparency" isn't one of them. Even regular depositors who are still flaking for Ginko don't say it has transparency. That's really an odd statement. And yeah, it's potentially problematic in a suit that names LL for its role in failing to end Ginko after it became unmistakably clear what it is. I can definitely see that transcript sitting on a conference table with a little yellow "Exhibit 1" sticker in the corner at some point.