Capitalism is ridiculous. It should not be legal to sell debt.

Invested.inc is repeating the highlights from a report by the Open Markets Institute. OMI has a policy agenda. They want more regulation and better protection for those of us most likely to suffer in an economic collapse, instead of financial shenanigans where billionaires offload their debts onto regular people so they don't loose in a collapse. The report is persuasive, but heavily sourced and rigorous. One of the strongest parts is where they point out that regulators are simultaneously reducing financial transparency, weakening bank capital requirements, and opening retirement accounts to opaque private credit while the risks of doing so continue to increase. So, yeah, the parasite class is engineering the finances so that we are the ones who suffer in the next collapse.

Institutional investors, especially retirement funds, own too much anyway. Good riddance.

Man. What a great fireworks those things would make, in Minecraft ofc.