20 Former GS boss says Private Equity is looking like a repeat of 2008 crash (nypost.com) posted 103 days ago by SophiesBoyfriend 103 days ago by SophiesBoyfriend +20 / -0 Ex-Goldman CEO Lloyd Blankfein sounds alarm on private credit — warning it ‘smells’ like 2008 Former Goldman Sachs CEO Lloyd Blankfein has warned that the growing private credit market could lead to a financial crisis similar to the one in 2008, potentially affecting retail investors and th… 27 comments share 27 comments share save hide report block hide replies
Sounds like they're setting the foundation to regulate the private credit sector the way in which they want while also getting the government to bail out the bad loans they made.