Are teacher’s pensions plans being used to bailout ultra-wealthy bankers and asset managers who made bad investments in Commercial Real Estate? Blackstone just announced more than $30 Billion from teachers pension funds across the country has been pledged to their new Commercial Real Estate fund. This as the CRE sector and it’s many derivatives are crumbling around them. Are our retirements about to be used as exit liquidity for bankers? Support the Channel on Patreon: Join My Discord for More Discussion, Q&A, and News: Affiliate Links: Use this link to get $10 in free Bitcoin with Swan: The Ledger Nano X: My favorite Hardware Wallet for Cold Storage of Crypto Assets: Save $50 Crypto Tax Preparation with Pro Bitcoin Solutions: Recommended reading (Amazon Affiliate links): Rich Dad Poor Dad by Robert Kiyosaki: Atomic Habits by James Clear: Why We Need The Fed (blank gag book) by Joe Brown: Follow me on Twitter: Follow me on Gettr: Follow me on Gab: Follow me on Reddit: #Blackstone #commercialrealestate #pension...(read more)
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Blackstone, one of the world's largest private equity firms, has been accused of dumping toxic real estate debt into pension funds. The practice has sparked outrage among retirees and pension holders, who fear that their financial futures are at risk. According to reports, Blackstone has been selling risky, high-interest real estate loans to pension funds, which are supposed to be safe and stable investments. The loans are backed by collateral, such as office buildings, hotels, and malls, but many of these properties are struggling financially, putting the pension funds in jeopardy. Critics argue that Blackstone is taking advantage of the pensions, which are required by law to invest in safe, low-risk assets. By offloading their toxic debt onto the pensions, Blackstone is essentially shifting the risk from themselves to the retirees. Blackstone, however, denies any wrongdoing and claims that they are simply trying to help struggling companies by offering them loans when other lenders won't. They argue that the pensions are sophisticated investors who understand the risks involved and voluntarily choose to invest with them. But pension holders are not convinced. Many are calling for greater transparency and scrutiny of Blackstone's practices to ensure that they are not taking undue risks with their retirement savings. This is not the first time that Blackstone has faced criticism for their investment practices. In 2018, the firm drew scrutiny for its purchase of a rental housing portfolio, which led to complaints of price-gouging and poor living conditions for tenants. The issue of toxic real estate debt highlights the larger problem of private equity firms and their practices. While these firms can provide much-needed capital to struggling businesses, they also have a reputation for taking advantage of weaker parties and prioritizing their own profit over the wellbeing of communities. As demand for alternative investments continues to grow, it is essential that regulators and investors keep a watchful eye on the practices of private equity firms to ensure that they are not putting people's finances at risk. The case of Blackstone and toxic real estate debt should serve as a warning to the industry that the public is watching and demanding accountability. https://inflationprotection.org/pension-funds-receive-toxic-real-estate-debt-from-blackstones-disposal/?feed_id=92870&_unique_id=644e3fbe1ccf8 #Inflation #Retirement #GoldIRA #Wealth #Investing #ArkansasTeacherRetirementSystem #blackrock #blackstone #blackstonedumpingcommercialrealestateintoteacherpensionfunds #breit #cmbs #commercialrealestate #cre #fdic #Illinois #larryfink #mbs #melonhead #MinnesotaStateBoardofInvestment #mortgagebackedsecurities #NewYork #OklahomaTeachers’ #realestatebubble #SignatureBank #siliconvalleybank #stephena.schwarzman #TeachersRetirementSystemofLouisiana #TennesseeConsolidated #toxicwaste #RetirementPension #ArkansasTeacherRetirementSystem #blackrock #blackstone #blackstonedumpingcommercialrealestateintoteacherpensionfunds #breit #cmbs #commercialrealestate #cre #fdic #Illinois #larryfink #mbs #melonhead #MinnesotaStateBoardofInvestment #mortgagebackedsecurities #NewYork #OklahomaTeachers’ #realestatebubble #SignatureBank #siliconvalleybank #stephena.schwarzman #TeachersRetirementSystemofLouisiana #TennesseeConsolidated #toxicwaste
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