drakairos
@drakairos@feddit.online
This is a remote user, information on this page may be incomplete. View at Source ↗
- Comment on Doesn't add up 2 weeks ago:
Don’t forget those private equities buying up life insurance companies that are being used for dumping grounds for bad loans that’ll be bailed out through state-based guaranty funds instead of passing through bankruptcy. In other words, these private equities are using life insurance subsidiaries to offload the risk of bad loans (mostly AI-related) to taxpayers when those life insurance companies become insolvent.