- Joined
- May 10, 2007
- Messages
- 8,781
Per report, pension funds are picking up what is reported as garbage debt with adjustable rate loans (back floating rate loans).
More shell games, lipstick on pigs and accounting "magic". $3.8 trillion in adjustable rate loans can certainly be a time bomb of sorts, waiting to create havoc.
Not sure why the private equity would bankrupt the company's they purchased? A possible game plan is to sell off while they still look good, crash the market (via high interest rates) and then buy up real assets on the cheap...
Mostly explained here:
More shell games, lipstick on pigs and accounting "magic". $3.8 trillion in adjustable rate loans can certainly be a time bomb of sorts, waiting to create havoc.
Not sure why the private equity would bankrupt the company's they purchased? A possible game plan is to sell off while they still look good, crash the market (via high interest rates) and then buy up real assets on the cheap...
Mostly explained here: