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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
by 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 agoAha. So, basically, there are some failures in this particular market that make it more difficult for prices to correct themselves?
- quickthrowman 5y agoThe Fed buying $40B of MBS bonds a month sure isn’t helping