How a $2 trillion 'cockroach problem' could crash the market

Video Description

When companies need a loan, traditionally they turn to a bank. But increasingly they’re turning to financial firms that are not really banks — but do have a lot of cash. This is called the “private credit” market. It has exploded in the past 15 years, valued now around $2 trillion. Natasha Sarin, president of the Yale Budget Lab, argues that these private credit firms are making risky loans — so risky, they’ve got her thinking about a past financial crisis. “Ordinary people’s dollars are on the line, just like they were in 2008.” 👍 Like this video to see more from us 🔔 Subscribe and never miss an episode: https://bit.ly/4oVAImb 🎧 Prefer audio? Listen anywhere you find podcasts: https://lnk.to/JPnX0Q ❤ Get sponsor-free episodes at https://plus.npr.org ------------------------------------------------------ Follow NPR elsewhere, too: • Instagram: https://www.instagram.com/npr/ • TikTok: https://www.tiktok.com/@npr • Facebook: https://www.facebook.com/NPR