I believe this as well. He did not do himself any favors and let himself be cornered on two interviews.

I respect that he cannot come out and say they have solvency issues, as his accounts would empty fast turning a potential solvency issue into a real one. But he didn't seem to even have a clear idea of, nor a numerical way to explain why they were having settlement issues.

My guess is that they will be spending more money in their clearing department this year.