$DOGE
💥 THE PRIVATE CRACK 💥
A $1B bond “scandal” isn’t just a note … it’s the first fracture in a $1.7T shadow banking machine that powers modern capitalism ⚠️.
EquipmentShare raised $1B via Goldman, Wells, Citi, JPMorgan, and Capital One.
Private ✅. Unregistered ✅. No public ownership record ❌.
Now, lawsuits over alleged fraud and fund misuse hit … and the bonds plummeted 📉. Only the banks know who’s bleeding 💸.
This isn’t random. It echoes 2007, just in private credit form:
🏦 Then: mortgage CDOs
🏦 Now: private bonds quietly stacked in pension funds, hedge funds, insurers
Same opacity. Same complacency. Same contagion risk 🔥.
Private credit has 6× grown since 2010, fueled by zero-rate distortion 💰. It’s now bigger than U.S. junk bonds … entirely unregulated.
No SEC filings ❌, no liquidity ❌, no mark-to-market ❌. A trillion dollars built on hope, backed by trust 🤝.
When trust fails, math collapses ⚡.
1% default → $17B shockwave (~15 regional banks).
5% default → contagion spreads to pensions & sovereign wealth funds 🌍.
The dominoes run through the same giants underwriting it. Bloomberg called it “isolated” … it’s not.
The post-QE illusion quietly unwinds. Every crisis starts “isolated.” This time, the isolation is the system itself 💎.
#ShadowBanking #PrivateCredit #FinanceAlert #SystemicRisk #EconomicCrisis