Post #4498309
2026-08-03 13:15 UTC
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
Replies (1)
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@Tempus_Fugit@lemmy.world 2026-08-04 05:01
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 hold the bag and not a second sooner.