New sub-prime crisis being created?

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What ticks me off is the "sold to pensions", AKA people like me that have lots of money locked up in a Pension Plan that I've got no control over. No Pension Plan, Union or otherwise, offers any tax benefits that are open to anyone via 401K, etc. Only diff is with a Pension you have no "emergency access". You can't cash out your pension and put down-payment on a house or start a business (and do some of your own tax magic to reduce penalties.

New Subprime Crisis Just Dropped

>funds own shares in private companies that they can't sell
>since there is no open market for these shares, they get to claim it's worth any value they claim it is unless the company goes bankrupt
>how do I get cash from this if nobody's buying??
>just take a loan against it!
>banks know these shares might be worthless and won't loan you money?
>just have a credit rating agency rate it AAA+++ Super Great and have a fake insurance company that doesn't have the necessary money reserve to insure it sign a paper saying they'll insure the loan
>bankers know the insurance is BS, but they need to hit their KPI to get bonuses and there are no FDIC/SEC/Feds rules against it yet, so they give you the loan
>the shares are worthless, there's nothing to collect when you default on the loan later

This is what's going on right now in finance. It's 2006 with subprime mortgages again.