That is a very salient point. But it actually began in 2008/2009 if you recall.
Also please realize that this is how Japanese banks operate in Japan.
Who knows how it will unfold. Or maybe the word is “unravel”.
It’s also how Finland, Sweden, etc... invest their social program monies. They have a five year and out plan in a lot of private equity ventures. (Not so private huh?) Companies that don’t follow SEC NYSE accounting rules and are held by individuals or a small group.