Yonhap Infomax NewsDec 3
The US asset-backed finance market has more than doubled since 2008, surpassing $6 trillion, but experts warn of rising risks from looser lending standards and increased exposure to bad loans.
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https://en.infomaxai.com/news/articleView.html?idxno=93730
US Asset-Backed Finance Market Surges—Warnings Over Rising Risk of Bad Loans

The US asset-backed finance market has more than doubled since 2008, surpassing $6 trillion, but experts warn of rising risks from looser lending standards and increased exposure to bad loans.

Yonhap Infomax
Show thread⚯ Michel de Cryptadamus ⚯Oct 9

@zenkat @GhostOnTheHalfShell 2nd link in my post has a bloomberg writeup. i think this is all very new, like the situation has dramatically changed in just the last few hours.

here's the hilarious letter from debtor's counsel: https://x.com/sindap/status/1976248093009187080

here's an FT article: https://www.ft.com/content/36582d44-2592-4de7-a252-c2797fa65a48?shareType=nongift

#firstbrand #firstbrandsgroup

Sujeet Indap (@sindap) on X

not the email you wanna get from debtor’s counsel: https://t.co/6NsuBLObnO

X (formerly Twitter)
⚯ Michel de Cryptadamus ⚯Oct 9

it's looking increasingly possible that the implosion of a random auto parts company could lead to a full blown financial crisis.

billions of dollars is apparently just straight up missing. multiple companies that are getting hit in the fallout are crypto players, including #HowardLutnick's #CantorFitzgerald and #crypto bank #WesternAllianceBank (#WAL) which is part of #TassatPay.

* https://x.com/junkbondanalyst/status/1976104317783589268
* https://x.com/junkbondanalyst/status/1976258844956426635

cc @GhostOnTheHalfShell

#firstbrands #firstbrandsgroup #bankruptcy #jefferies #economics #uspol #uspolitics #autoparts #cryptocurrency #banking #bank #investmentbanking #investmentbank