Blackstone Dumping Toxic Real Estate Debt into Pension Funds

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?

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#Blackstone #commercialrealestate #pension