Why Everyone Is Freaking Out About Private Credit

<p>In the wake of the 2008 financial crisis, private credit or “shadow banking” grew as an alternative to the regulations and shared risk that institutional banks operate within. What happens if a crisis hits the trillions of dollars that are outside of those guardrails? We may be about to find out.&nbsp;</p><br><p>Guest: <a href="https://www.bloombergmedia.com/talent/people/tracy-alloway/" rel="noopener noreferrer" target="_blank">Tracy Alloway</a>, co-host of Bloomberg's Odd Lots podcast.</p><br><p>Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next …