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   POLITICS      Political Discussions      39,875 messages   

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   Message 38,778 of 39,875   
   Joseph Pereira to All   
   Dramatic Loans   
   02 Dec 25 06:17:04   
   
   TZUTC: -0600   
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   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.   
      
    .   
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