On: Wall Street is worried the private credit bubble will burst

[rightbyte]

> Of course they will. The main investors in these high-risk ventures is government defined-benefit pensions. There is no way government will let its own pensions fail.

Would seem cheaper to do handouts directly to the retired?

[anon291 → rightbyte]

Printing money to hand to retirees would not be popular. So instead, it's framed as a financial stabilization measure.