The intertwining of banks and private capital has kinda made an ouroboros of exposure to losses when firms go under like with First Brands and Tricolor. I don’t think this indicates anything systemic in the market but as Dimon says, where there’s one cockroach, there’s probably more.
quickblur on
I think the next crash is going to knock us on our ass…
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[archive link](https://archive.is/20251015060732/https://www.ft.com/content/f1b61807-c199-4fee-9bd4-dea738e1a0ac)
The intertwining of banks and private capital has kinda made an ouroboros of exposure to losses when firms go under like with First Brands and Tricolor. I don’t think this indicates anything systemic in the market but as Dimon says, where there’s one cockroach, there’s probably more.
I think the next crash is going to knock us on our ass…