POPA ReconMichael Burry's favourite read this week !
Michael Burry's favourite read this week ! Private equity (PE) firms have acquired large life insurers and loaded their balance sheets with private credit assets that are opaque and difficult for regulators to value. This Article explains how PE profits from these insurers while shifting the resulting risk onto competitors and taxpayers. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7152239&utm_source=substack&utm_medium=email
The excerpt is quoted from a public Telegram channel, which owns its text.