redditmademedoit

Most campaigning wasn’t along party lines though.

But it’s a curious trend in Sweden, to revisit old referendums to go against the outcome.

The problem is that it isn’t clear what kinds of exposure private credit and other actors in the shadow banking space hold, because they generally operate on a model of financial obfuscation to get around banking regulation (i.e. being actual banks). What is known is that they are deeply intertwined with financing the AI bubble, even if all their exposure is through debt instruments, crypto schemes or insurance contracts (that probably is not the full scope though), they will be hit hard when their “borrowers” can’t pay back.

And possibly the most parts of shadow banking, i.e the alt accounts of major financial institutions.

Fun times ahead!