Speaker

Evidence Quote

“there's also this very incestuous link between private equity, private credit, insurance companies that are captive, that are owned by the private credit, that then are moving risk supposedly to offshore insurance companies, which have no regulation, no reporting, no visibility. So, since they're being There's been shady uh shady disclosures or shady communications at almost every level, I'm not sure I believe that this risk is really offset out there in Barbados and the Caymans and Bermuda. So, what's going to happen when the actual, you know, actual reality comes that life insurance has to be paid, fixed annuities have to be paid, and suddenly you're in a recession and those assets actually aren't really properly reserved for?”

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