8/3/2026 at 9:09:58 PM
I'd be more concerned about private credit socializing losses and being bailed out, than bad AI loans leading to private credit problems which then lead to the bailout.Private credit has a million other problems right now, like bad loans to auto parts dealers[1], iron traders[2], and so many more.
The issue is lack of due process in private credit. THAT is the huge @#$%ing problem.
[1] https://www.bloomberg.com/news/articles/2026-07-28/first-bra...
[2] https://www.bloomberg.com/news/articles/2026-07-31/vitol-car...
by cl42
8/3/2026 at 9:25:58 PM
Thanks to deregulation. If we have another 2008-like crisis, will the people demand that their reps make serious reforms?by goatlover