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by fancyfredbot
5 days ago
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Pensions will have exposure, probably through private credit, and probably in the range of 5% to 10% of assets. It's a lot, and it'll hurt people. But I'm not at all sure it is enough to require a bailout. US government direct investment exposure is not likely to motivate a bailout in my view. The government might be motivated to bail people out for other reasons but not because they've lent too much. |
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