Former Goldman Sachs boss Lloyd Blankfein says he is worried about hidden secret leverage in the nearly $2 trillion shadow banking market after Blue Owl shut a fund and MFS collapsed

 

I smell a crash coming, says former GOLDMAN boss...

... “One has to worry about opaque assets where there’s illiquidity,” he told Bloomberg in a separate interview. “We’re getting close to the end of late stages of cycles on this and we’re due for a kind of a reckoning.” ...

Lloyd Blankfein knows tribalism when he sees it