CLOs have boosted the yield of the general accounts of private equity-led life/annuity companies over the past decade. ChatGPT explains CLOs, using Apollo/Athene as an example.
Committees at the National Association of Insurance Commissioners since 2014 have been studying how best to regulate the purchase of collateralized loan obligation tranches by life/annuity companies from asset...
'Ponzi schemes are private frauds that collapse when new investors stop joining. Social Security is managed by the U.S. government, backed by legal mandates and payroll tax revenues,' ChatGPT...