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Podcast: ITM Trading Podcast
Episode: Private Credit Meltdown: How They Are Hiding Trillions in Risky Junk – We Will Get CRUSHED
Description: "This could be one of the biggest busts we've ever seen on Wall Street," warns Chris Whalen, Chairman of Whalen Global Advisors. In this interview with Daniela Cambone, Whalen unravels how the private credit market has become a ticking time bomb for the financial system. He explains how private equity firms are purchasing insurance companies and, instead of taking a conservative approach to investing, are using cheaper Federal Home Loan Bank advances to make riskier investments, putting retirees' money in harm's way. Citing recent defaults in the sector, including issues at Blue Owl, he warns that it will be "...