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How does this not play out like Archegos in the end? https://www.bloomberg.com/opinion/articles/2021-04-08/archegos-got-too-big-for-its-banks https://www.bloom

• deleted 5y ago
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• the_optimist 5y ago
  If you’re politically connected and influential, you get bailed out. Also, Blackrock is intermediating people’s pensions, so they’re ultimately just levering up retirees against the future generations of home buyers (empowered by the Fed). Think the politically connected Fed/DC/Davos crowd is simply going to just hand over power and influence?
  • mumblemumble 5y ago
    Aha. So, basically, there are some failures in this particular market that make it more difficult for prices to correct themselves?
    • quickthrowman 5y ago
      The Fed buying $40B of MBS bonds a month sure isn’t helping