>BlackRock limits withdrawals from private credit fund after surge in redemption requests
>>61947172Steady lads. Deploying capital.
>>61947172DO NOT REDEEM SAAR THE BR GUIS TOTALLY NOT NAKED SHORTING ETH!
We already told you not NOT TO FUCKING REDEEM NOW DO YOU SEE WHAT HAPPENS LARRY
>>61947172yeah, the socialist sovereign bond ponzis secondary rehyptecation layers are collapsing. By July the primary layer is kaput. Death to all socialists, no matter how they call themselves
This is actually a happening.
Oh fuck that’s bad. That’s very bad.
not good
Is this a bot thread?
how to make money from this?
>>61947172here we go
>>61947424Nah but looking at the replies you might think so. It is unironically bad though. If the private credit sector actually shits itself, which it seems like it’s doing, that’s a longterm problem. Stocks can randomly go bullish if Trump deescalates the war tomorrow (though obviously he won’t); private credit collapsing can’t be undone.
thank God i never fell for this finance business bullshit. doesn't affect me. canned food wont collapse.
>>61947172
Your money is now their money. As per the rules. Scary for anyone who invests.
Research this if you want to.Cede technically owns most of the publicly issued stock in the United States. Thus, most investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede. Securities held at Depository Trust Company are registered in its nominee name, Cede & Co., and recorded on its books in the name of the brokerage firm through which they were purchased; on the brokerage firm's books they are assigned to the accounts of their beneficial owners.
>>61947172>He’s not a Kash Kang>He didn’t heed the words of the GOAT.My GOAT does not touch private equity/credit.Enjoy your new clown shoes.
Do not redeem saar
>>61947765The question is what cede does with the assets. Well not really, it uses them as collateral. Oops
>>61947172Fractional banking not even once
>>61947172>after surge in redemption requestsYou guys are having a bank run and you didn't even invite me?
Go to Hell BlackRock!
>>61947172uhh excuse me. Why is the world's largest asset manager behaving like a 2015 shitcoin exchange? Do we have a legit happening here?
>>61948164Because they have a circuit breaker.
What’s this mean
>>61947172When I see a nice local business IRL, my mind always goes >BUILT FOR BIG BLACKROCK
>>61948184Nothing, this sort of thing happens time to time.
>>61947458>canned food wont collapse.Botulism? Dented cans?
>>61947765Private credit isn't accounted for over DTC though kek
>>61948164>>61948184>HODL mode activatedBlackrock is the new Celcius.
Riddle me this, /biz/. If Finance gurus who get paid to manage money are so smart, why didn't they sell before the market crashed?
>>61947172Is this why my bank is pushing deposits for small cash bonuses?
Doesn't musk have a giant private syndicated loan for twitter/X
>>61947405What's going to happen to main street?
>>61947177Kekaroo
>>61948164It's not a liquid fund. The money is locked in the assets held by the fund. They can't sell entire hotels and factories overnight to satisfy all redemption requests, liquidations happen on schedule and for a fixed amount, everyone who doesn't fit in the fixed amount has to wait for the next event.
