From Joseph Pereira@1:124/5016 to All on Tue Dec 2 06:17:04 2025
In the US, there's significant unrest brewing about the status of loans.
BlackRock has lost a loan worth billions. The company they lent to turned out to have only $100,000 in cash. The billions BlackRock lent were lost in the company's bankruptcy.
But this is just one loan.
Billions lost on one loan... How many more loans will follow, because, especially at the local level, things aren't going well in the US. US economic growth comes from AI investments. The real economy is weak.
If you were to remove AI investments, the US would be in a severe recession.
Local businesses are in recession. So banks, pension funds, and hedge funds are going to feel the pinch.
.
--- SBBSecho 3.31-Linux
* Origin: End Of The Line BBS - endofthelinebbs.com (1:124/5016)
From Aaron Thomas@1:342/201 to Joseph Pereira on Tue Dec 2 23:22:18 2025
In the US, there's significant unrest brewing about the status of loans.
Wow Joseph, just, wow. You have convinced me. F Trump. You've opened my eyes. I'm voting Democrat from now on!