3 ms·

This doesn’t explain anything.

• MarkusAllen 9mo ago
  [dead]
  • onedognight 9mo ago
    For this model to be convincing, you would need to explain the motivation for the pension funds loaning the 90% that then goes to zero. They are repeat investors after all. As are the PE firms. Are they getting kickbacks? That would be straight up illegal, but it would make the most sense.
    • MarkusAllen 9mo ago
      [flagged]