this post was submitted on 03 Aug 2026
1490 points (99.4% liked)

Work Reform

17190 readers
2344 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] drakairos@feddit.online 7 points 1 week ago* (last edited 1 week ago)

Don't forget those private equities buying up life insurance companies that are being used for dumping grounds for bad loans that'll be bailed out through state-based guaranty funds instead of passing through bankruptcy. In other words, these private equities are using life insurance subsidiaries to offload the risk of bad loans (mostly AI-related) to taxpayers if those life insurance companies become insolvent, which will likely happen when the AI bubble pops.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7152239