At that scale, it’s everywhere, state pension systems, life insurance, our 401ks, etc are all invested in these private credit companies. They’re going to use this to demand bailouts.
I wonder if we could collectively push the funds to divest from closed book financial companies
You’re correct from my assessment. It has always been kicking the can down the road. Eventually the bill comes due. Realistically the sooner the better, but we live in crazy corruption, so it only crashes when retail investors and the common folk hold the bag and not a second sooner.
At that scale, it’s everywhere, state pension systems, life insurance, our 401ks, etc are all invested in these private credit companies. They’re going to use this to demand bailouts.
I wonder if we could collectively push the funds to divest from closed book financial companies
You’re correct from my assessment. It has always been kicking the can down the road. Eventually the bill comes due. Realistically the sooner the better, but we live in crazy corruption, so it only crashes when retail investors and the common folk hold the bag and not a second sooner.