The mysterious new industry cranking out billionaires
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A new strain of finance has infected Wall Street: Private Credit. It’s getting folks rich, it’s attracting Wharton grads, it’s all over the headlines. The only questions are: (1) what is it and (2) is it bad? This is advanced stuff folks.
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Featuring interviews with…
Robert Smith, Corporate Finance Editor at the Financial Times
https://x.com/BondHack
Maureen Farrell, Wall Street reporter for the New York Times
https://x.com/maureenmfarrell
Matt Wirz, Credit reporter for the Wall Street Journal
https://www.wsj.com/news/author/matt-wirz
Senator Jack “Game Time” Reed of Rhode Island
https://x.com/SenJackReed
An anonymous VP at a private credit fund focused on real estate
Writers / creators: Jack Stebbins, Henry Stockwell, Dan Toomey
Thumbnail designer: Seth Laupus
Packaging strategist: Jen Walsh
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@GoodWorkMB
February 9, 2026 at 7:21 pm
Hey babes. Get a free trial of Hostinger Horizons today and use my code “GOODWORK” to get 10% off your first month: http://www.hostinger.com/goodwork 🤘
@DB-lr8tn
February 9, 2026 at 7:21 pm
Hey, maybe ole Jack Reed might want to take a look at the return from the governments investment in Minnesota Learing centers has been. Oh wait…….. never mind.
@chrisjerone
February 9, 2026 at 7:21 pm
Hi daddy
@enricobett9929
February 9, 2026 at 7:21 pm
When i hear you speak, I look for the subscribe button to subscribe again.
@goatskin4487
February 9, 2026 at 7:21 pm
This is actually a great development. Banks no longer able to high risk regular people’s savings and private credit allows a lower risk way to get exposure to private equity gains (most people can’t even invest in private equity since need 1m net worth because of risk). Also unlike banks people who invest in private equity actually benefit through the price of their stocks going up. Banks give you a measly 1% intrest.
@PIECEOCEREAL
February 9, 2026 at 7:21 pm
"A tingle in my journalists"
@noahfreeman9544
February 9, 2026 at 7:21 pm
I love the interactions of strangers in New York and the camera man
@syrianarab95
February 9, 2026 at 7:21 pm
I wish you had gone into a little more detail about who the private leanders are. If they fail, how are they different from banks? And if they are using their own money on these investments, what would be the problems? Also, look into their political donations and if they expect to be bailed out if their investments go under. Because this wouldn't be a problem if they were truly private and risking their own money, however, I don't think that's the case.
@matty55890
February 9, 2026 at 7:21 pm
BTOS
@willieverusethis
February 9, 2026 at 7:21 pm
It sounds like hard money in the mortgage loan business. Pension funds should not be allowed to make these kinds of risky loans. Too many people's futures are at stake.
@chillybunn
February 9, 2026 at 7:21 pm
When you can't extract more wealth and profits from workers and industries you just make it up. Easy
Everything just bit from GTA these days.
@vincentperrault5900
February 9, 2026 at 7:21 pm
How is this channel so solid!? What a gem! GOOD WORK BROTHER!!!
@YourFavouriteNormie
February 9, 2026 at 7:21 pm
12:30 is smooth
@extreme311
February 9, 2026 at 7:21 pm
We have those companies in Brazil, they've existed forever, they had a boom about 10 years ago, but now they're not as big. They are a pain in the neck though because their telemarketing keep calling everyone to offer loans.
@SarahWalker-Smith
February 9, 2026 at 7:21 pm
LOL
@paulellis557
February 9, 2026 at 7:21 pm
He overlooked one thing. If retail investors want to pull their money out, the fund is basically not liquid. People might get locked out and not be able to redeem their funds. If product credit puts that barrier up, it’s going to cause a panic and nobody will be able to pull their money out and it’ll collapse.
@oldanslo
February 9, 2026 at 7:21 pm
Who else thinks that the Private Lending crash will be bailed out by the taxpayers?
@mpenner2124
February 9, 2026 at 7:21 pm
This isn't new. I'm not sure why you would think it is. It's just a re-write of financial firms and instruments that have been around for a long time now, call them what you wish. Never heard of Prospect Capital, or even Brown Brothers Harriman? There are historians who would consider 1818 very recent, I guess….
@pravinthakur5865
February 9, 2026 at 7:21 pm
Great work buddy
@clueless4085
February 9, 2026 at 7:21 pm
This sounds like loan sharking with more steps.
@KyleShade-y3p
February 9, 2026 at 7:21 pm
they must have a team of world renowned doctors to break the legs of delinquent borrowers.
@Zarrar2802
February 9, 2026 at 7:21 pm
9:30 missed the bleeper
@Samuel-Gott
February 9, 2026 at 7:21 pm
😂 its fine~~ we will take panama kanal in the short futrue.
@cheezycrackers8677
February 9, 2026 at 7:21 pm
This is a nothing burger. The market served by private credit has long been handled by the syndicated loan market. Private credit is just another flavor of that market and another avenue through which PE firms can finance assets. Really private credit is just cannibalizing the already existing syndicated loan market.
@pr0newbie
February 9, 2026 at 7:21 pm
It's a generational transfer of wealth with all the debt ladened on the companies that will need to be bailed out by the masses.
@jasmine333-h6i
February 9, 2026 at 7:21 pm
a risky business considering private credit is a big clue to close its doors.
@liamniedrich6065
February 9, 2026 at 7:21 pm
Scrutiny? More like Scrotums.
7:47
@NVdrips
February 9, 2026 at 7:21 pm
She Credits me privately until I burst……. a financial bubble!😂
@MohamedAshraf-fw1dc
February 9, 2026 at 7:21 pm
1968 !
@rivsarredicoinen3510
February 9, 2026 at 7:21 pm
Private recipes for disaster
@gatofokingnegro69
February 9, 2026 at 7:21 pm
im interested on this… i want to be rich too! please Help Me I really need to continue this trip…
@Allie-ny8sp
February 9, 2026 at 7:21 pm
Bring back usury laws!
@ThatMichaelTGuy
February 9, 2026 at 7:21 pm
Hilarious.
Comments are closed.