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From: Don <g@crcomp.net>
Newsgroups: rec.arts.sf.written
Subject: Re: the future long term financial apocalypse of the USA
Date: Mon, 13 May 2024 19:06:31 -0000 (UTC)
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Lynn McGuire wrote:
> For those who are interested in the future long term financial
> apocalypse of the USA, I recommend reading “The Mandibles: A Family,
> 2029-2047” by Lionel Shriver:
>
> https://www.amazon.com/Mandibles-Family-2029-2047-Lionel-Shriver/dp/006232828X/
>
> For those who do not like Lionel Shriver, I recommend “Distraction" by
> Bruce Sterling:
>    https://www.amazon.com/Distraction-Bruce-Sterling/dp/1857989287/
>
> For those who just want a short term financial apocalypse of the USA, I
> recommend “Buck Out” by Ken Benton:
>    https://www.amazon.com/gp/product/1514666979/

Don't  let the big banks' "Big Short" sequel surprise you:

    ... The fact that the Fed is reporting that a little more
    than 8 percent of the office loans still on the books of
    the banks are in trouble but somehow 31 percent of the
    office loans the banks bundled into CMBS and sold to
    investors are in trouble hints at a replay of the
    tricked-up operations of the megabanks heading into the
    2008 financial collapse. Some banks back then told their
    sales staff to make it a top priority to bundle and sell
    their "shitty deals" to investors and then made billions
    by shorting (betting against) the toxic waste they knew
    were in those deals. ...

    https://wallstreetonparade.com/2024/05/delinquencies-on-office-property-loans-at-banks-are-at-8-percent-while-office-loans-the-banks-sold-to-investors-show-31-percent-in-trouble/

It goes without saying pension funds are CMBS whales, no? Our officials
ought to /do something/.  But first things first. Such financial matters
must wait while we war.

    "I love the smell of [BS] in the morning. You know, one
    time we had a hill bombed for 12 hours. When it was all
    over, I walked up. We didn't find one of 'em, not one
    stinkin' dink body. The smell, you know, that [BS] smell,
    the whole hill. Smells like [bankruptcy]."

    _Apocolypse Now_ adaptation

Danke,

-- 
Don.......My cat's  )\._.,--....,'``.     https://crcomp.net/reviews.php
telltale tall tail /,   _.. \   _\  (`._ ,.    Walk humbly with thy God.
tells tall tales.. `._.-(,_..'--(,_..'`-.;.'    Make 1984 fiction again.