Banks Just Started Dumping Private Credit onto Insurance Companies

Banks are taking more steps to distance themselves from the growing private credit bust. They’re revaluing private credit assets that have been pledged to them as security for financing banks have provided to these shadow banks. I told you when JPM did it a month ago there would be others. Insurance companies are now really getting dragged into this mess, too, a double dose of Stage 2.

Eurodollar University's Money & Macro Analysis
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ACLI President and CEO David Chavern Responds to April 14th Financial Times Article on Private Credit 
https://www.acli.com/posting/acr26-003

Wall Street banks start trading derivatives to bet on pain in private credit
https://www.ft.com/content/54076a09-7a66-44f3-8e70-343f6d601e50?syn-25a6b1a6=1

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