Banks Pump Billions More Into Private Credit as Frenzy Grows

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1. “Banks including Goldman Sachs Group Inc., Citigroup Inc. and Wells Fargo & Co. have announced plans to cobble together more than $50 billion to plow into private credit in recent months, according to an analysis by Bloomberg. Some are offering investing clients more ways to wriggle into the action, with JPMorgan Chase & Co.’s asset management arm looking to scoop up a private credit firm, Bloomberg has reported.

   But in some cases, the banks may find it more profitable to earn fees by taking money from investors such as pension funds and insurers
   to fund loans, rather than agreeing to put up money themselves and run the risk of being unable to distribute the debt in the public
   markets.

   The funds being raised by the giants of Wall Street might face a lack of places to deploy the money. High interest rates have sapped borrowing demand across the US. Loan balances at the nation’s six biggest banks are expected to rise by less than 1% in the second quarter.”

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   So according to the far right extremists libertarians bros how do your fix skyrocketing predatory interest rates? ….
   By skyrocketing predatory interest rates even more!!

   How long before even more handouts from our taxpayers money to the predators loan sharks bankers ?……🤔

   But in any possibility it’s always the workers fault….’overspending ‘ by try to keep on their regular groceries and rent bills paying with credit cards…playing impossible catch up with skyrocketing gasoline prices and skyrocketing interest rates and greedflation….