Private credit companies are key owners of AI-related assets. Many of their parent private equity firms own life insurers that are dumping grounds for bad loans—and subject to state bailouts.
private credit
Posted inEconomic Policy
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
Posted inMoney, Politics, and Power
The Private Credit Cartels
Wall Street wants you to believe AI is to blame for the incipient credit crisis. But the crappy software loans spooking investors are the products of old-economy greed and brazen collusion.