The worries on Wall Street about a Private Credit Market meltdown continue to build. BlackRock experiences another fund loss. First Brands founder Patrick James and his brother have been charged with fraud. Ford, GM and other big names in the auto industry step in to help First Brands. Higher scrutiny is being placed on Nondepository Financial Institutions (NDFIs) and Business Development Companies (BDCs). All this as investors are bailing out ‘in droves.’ This episode reviewed multiple articles from S&P Gobal, The Wall Street Journal, and CNBC.
