Blankfein Warns Private Credit Risks Trigger Crisis

Former Goldman Sachs CEO Lloyd Blankfein warned on Bloomberg's "Big Take" podcast that the $1.8 trillion private credit sector could trigger a financial crisis similar to 2008, citing hidden leverage, illiquidity and opaque assets. He highlighted rising retail exposure after a 2025 executive order and product offerings to retirement accounts, saying possible losses could prompt regulatory backlash and market stress.