It Could Happen Here Weekly 229
Summary
Hosts Mia Wong and Molly discuss the recent crisis in private credit, a shadow banking sector where firms like Apollo and BlackRock halted redemptions after risky loans to subprime auto lender Tricolor failed. They explain how this mirrors the 2008 financial crisis, with major banks like JPMorgan suffering losses and new credit default swaps emerging to bet on these shadow banks' collapse. The episode critiques the unregulated, speculative nature of this "fake money" economy.
Topics discussed
Shadow banking, private credit, and financial instability
Indigenous rights, settler colonialism, and land back
Analysis of the Altman attacker and AI doomer ideology
UCSD encampment, student activism, and free speech
US election integrity claims and redistricting disputes
Iran ceasefire, US airstrikes, and geopolitical tensions
SPLC informant scandal and FBI infiltration tactics
Immigration fraud, denaturalization, and DHS policies
Federal Reserve leadership and dollar crisis fears
Shawnee Kirkhoff lawsuit and news aggregator payouts
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