20 Former GS boss says Private Equity is looking like a repeat of 2008 crash (nypost.com) posted 104 days ago by SophiesBoyfriend 104 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
Not a surprise. A lot of them don’t know how to run the business’ they acquire and then either sell off anything of value and bolt or run it into the ground with stupid decisions.