Vanguard Holds Half of PG&E's $920M Municipal Bonds

The video discusses the involvement of active money and hedge funds in stocks, highlighting Vanguard's role in municipal bonds. It explains the backstop mechanism where banks act as insurers, noting the risks involved. Vanguard's position on bond sales and risk management is detailed, along with the role of banks and municipalities as backstops.

What does the phrase 'someone's gonna get hurt' imply in the context of the financial situation discussed?

What concerns are raised about the involvement of large funds like Vanguard?