The Donald Trump White House passed an executive order giving private equity and private credit firms access to US pension funds, cynically in the name of “democratizing access to alternative assets for 401(K) investors”. This came just a few months before a huge crisis in the private credit market. Ben Norton explains the shady Wall Street scheme that threatens to leave American retirees holding the bag of bad loans. || Geopolitical Economy Report || Please consider supporting us at https://geopoliticaleconomy.com/Support Subscribe to our newsletter: https://geopoliticaleconomy.report/ Join our community on Patreon: https://patreon.com/GeopoliticalEconomy
From Geopolitical Economy Report via This RSS Feed.
And everyone who has been doing what they are “supposed” to do - work hard, invest in retirement, and not cause a fuss - are going to lose their goddamn minds when their retirement accounts start to crash in a year or two.
