Private Credit: It's 2008's All The Way Down
It Could Happen Here
Cool Zone Media and iHeartPodcasts
4.0 • 6.5K Ratings
🗓️ 20 April 2026
⏱️ 30 minutes
🧾️ Download transcript
Summary
Mia is once again joined by Molly to discuss a bank run on another type of shadow banks caused by subprime car loans!
Sources:
https://businessjournalism.org/2026/01/tricolor-investigation/
https://sg.finance.yahoo.com/news/deutsche-bank-signals-30b-risk-020300965.html
https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-tests-private-credit-110634713.html
https://www.cnn.com/2026/02/23/business/what-is-blue-owl-private-credit
https://finance.yahoo.com/markets/stocks/articles/barclays-weighs-mfs-fallout-private-080551362.html
https://www.cnbc.com/2026/04/16/apollo-global-marc-rowan-private-credit-funds-redemptions.html
https://www.jdsupra.com/legalnews/shadow-banking-and-private-credit-what-7018536/
https://www.privatedebtinvestor.com/insight-the-challenges-for-pd-arms-of-pe-firms/
https://archive.vn/HUxEo#selection-1637.0-1650.0
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1111.pdf?sc_lang=en
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed Human. |
| 0:05.9 | Cool Zone Media. |
| 0:10.2 | Welcome to Iqadapid here, a podcast where I explain fake money things that are actually real to Molly. |
| 0:15.8 | Molly, thank you so much for coming back on. |
| 0:19.3 | I am your host, Mia Wong. |
| 0:22.5 | I am excited to learn. |
| 0:28.1 | Now, long ago in a galaxy far, far away, and I'm saying this because I legitimately do not remember how many weeks ago we released the original one of this. But back in that episode where we |
| 0:34.4 | explained shadow banking, I said that I had had to cut off the part of the episode that was the reason why I wrote it in the first place. |
| 0:43.0 | Happens to me every week. |
| 0:45.2 | Yes. |
| 0:46.3 | So, comma. |
| 0:47.9 | I've also kind of had to split some of this episode off. |
| 0:51.0 | That will be another episode, probably with Ed Zitron whenever I have enough seconds in my life to pull all of that together. |
| 1:00.5 | But today we are here to talk about the actual sort of shadow bank run, I guess you would |
| 1:08.3 | call it, financial problems that caused me to write the shadow banking |
| 1:12.1 | episode in the first place. Oh, right. Why I originally asked you what shadow banking is, |
| 1:17.4 | because there was some kind of economy problem, and there was like a fake run on the fake banks. |
| 1:22.7 | Yes. And Molly, you will be extremely unhappy to note that a big part of the reason why there was the fake run on the fake banks was that the shadow banks loaned a bunch of money to a different type of shadow bank. |
| 1:34.1 | I don't think they should have done that. |
| 1:35.2 | And that shadow bank went under. |
| 1:37.0 | Great things are happening here. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Cool Zone Media and iHeartPodcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Cool Zone Media and iHeartPodcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

