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Shadow Lending Surge Sparks 2008-Style Financial Risks

9/28/2025

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Summary

Story summary

Shadow lending has surged outside regulators, echoing pre-2008 risks and fueling debt/asset bubbles.
Donald J. Trump’s deregulation push lets hedge funds and private equity rival banks, increasing risk.
Ponzi-like financing appears in crypto and AI startups, risking losses and stalling innovation.
Political pressure on the Federal Reserve could spur poor policy, echoing 1970s inflation.

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Story summary

Shadow lending has surged outside regulators, echoing pre-2008 risks and fueling debt/asset bubbles.
Donald J. Trump’s deregulation push lets hedge funds and private equity rival banks, increasing risk.
Ponzi-like financing appears in crypto and AI startups, risking losses and stalling innovation.
Political pressure on the Federal Reserve could spur poor policy, echoing 1970s inflation.