Lenore Palladino
@lenorepalladino.bsky.social
economist, lawyer, organizer, mamma
Associate Professor of Economics & Public Policy, UMass Amherst
https://www.lenorepalladino.com
my book: Good Company: Economic Policy after Shareholder Primacy, out 12/5/24
Associate Professor of Economics & Public Policy, UMass Amherst
https://www.lenorepalladino.com
my book: Good Company: Economic Policy after Shareholder Primacy, out 12/5/24
great, super great 😂
I'm sure Apollo will steward offshore wind well since we are facing existential climate change 🫠 jk
@brettchristophers.bsky.social is going to need to do a 2nd edition soon
I'm sure Apollo will steward offshore wind well since we are facing existential climate change 🫠 jk
@brettchristophers.bsky.social is going to need to do a 2nd edition soon
November 3, 2025 at 10:34 PM
great, super great 😂
I'm sure Apollo will steward offshore wind well since we are facing existential climate change 🫠 jk
@brettchristophers.bsky.social is going to need to do a 2nd edition soon
I'm sure Apollo will steward offshore wind well since we are facing existential climate change 🫠 jk
@brettchristophers.bsky.social is going to need to do a 2nd edition soon
and yet you are
October 28, 2025 at 3:56 PM
and yet you are
hmmmm where did I hear about this kind of thing before.. trying to recall... 🫠
"Smaller rating agencies have captured market share in the fast-growing world of private credit by providing so-called private letter ratings, which are typically only visible to an issuer and select investors"
"Smaller rating agencies have captured market share in the fast-growing world of private credit by providing so-called private letter ratings, which are typically only visible to an issuer and select investors"
October 27, 2025 at 5:27 PM
hmmmm where did I hear about this kind of thing before.. trying to recall... 🫠
"Smaller rating agencies have captured market share in the fast-growing world of private credit by providing so-called private letter ratings, which are typically only visible to an issuer and select investors"
"Smaller rating agencies have captured market share in the fast-growing world of private credit by providing so-called private letter ratings, which are typically only visible to an issuer and select investors"
the regulated banking system and private credit are completely and utterly intertwined, even tho bank regulators have to stop at the water's edge
that's why the Fed, the IMF, and BIS are all raising alarms about NBIF & banks melding
also this is just so "it's not me it's you" it's hilarious
that's why the Fed, the IMF, and BIS are all raising alarms about NBIF & banks melding
also this is just so "it's not me it's you" it's hilarious
October 23, 2025 at 12:28 PM
the regulated banking system and private credit are completely and utterly intertwined, even tho bank regulators have to stop at the water's edge
that's why the Fed, the IMF, and BIS are all raising alarms about NBIF & banks melding
also this is just so "it's not me it's you" it's hilarious
that's why the Fed, the IMF, and BIS are all raising alarms about NBIF & banks melding
also this is just so "it's not me it's you" it's hilarious
"and that's why we're finally ready to bring in all the little people holding $13 trillion in 401(k) funds, so that they can get lower returns!"
on.ft.com/4owRbwd
on.ft.com/4owRbwd
October 23, 2025 at 12:16 PM
"and that's why we're finally ready to bring in all the little people holding $13 trillion in 401(k) funds, so that they can get lower returns!"
on.ft.com/4owRbwd
on.ft.com/4owRbwd
icing on the cake
October 22, 2025 at 9:48 PM
icing on the cake
this is exactly why I became obsessed w/ private credit: opacity + the "slicing and dicing and tranching of loan structures going on, and if you were involved before the financial crisis then alarm bells start going off at that point"
on.ft.com/4qnfheu
on.ft.com/4qnfheu
October 21, 2025 at 4:06 PM
this is exactly why I became obsessed w/ private credit: opacity + the "slicing and dicing and tranching of loan structures going on, and if you were involved before the financial crisis then alarm bells start going off at that point"
on.ft.com/4qnfheu
on.ft.com/4qnfheu
great, a bank started by Trump's military industrial complex buddies
"US approves new bank backed by billionaires with ties to Trump"
"US approves new bank backed by billionaires with ties to Trump"
October 15, 2025 at 4:24 PM
great, a bank started by Trump's military industrial complex buddies
"US approves new bank backed by billionaires with ties to Trump"
"US approves new bank backed by billionaires with ties to Trump"
lol Jamie Dimon
October 15, 2025 at 4:21 PM
lol Jamie Dimon
front page @financialtimes.com
don't call them "private" credit funds, they are *unregulated* credit funds
peri.umass.edu/publication/...
don't call them "private" credit funds, they are *unregulated* credit funds
peri.umass.edu/publication/...
October 15, 2025 at 4:21 PM
front page @financialtimes.com
don't call them "private" credit funds, they are *unregulated* credit funds
peri.umass.edu/publication/...
don't call them "private" credit funds, they are *unregulated* credit funds
peri.umass.edu/publication/...
saving this one
October 8, 2025 at 1:47 PM
saving this one
so unregulated finance is *very* important but not *systemically* important
make it make sense
www.bloomberg.com/news/article...
make it make sense
www.bloomberg.com/news/article...
October 8, 2025 at 1:46 PM
so unregulated finance is *very* important but not *systemically* important
make it make sense
www.bloomberg.com/news/article...
make it make sense
www.bloomberg.com/news/article...
well well well, all that private credit due diligence not looking so great now, is it
the implosion of First Brands is raising "broader questions about the dangers lurking in the booming private credit market" 🧵
on.ft.com/48pSHf3
the implosion of First Brands is raising "broader questions about the dangers lurking in the booming private credit market" 🧵
on.ft.com/48pSHf3
October 7, 2025 at 9:39 PM
well well well, all that private credit due diligence not looking so great now, is it
the implosion of First Brands is raising "broader questions about the dangers lurking in the booming private credit market" 🧵
on.ft.com/48pSHf3
the implosion of First Brands is raising "broader questions about the dangers lurking in the booming private credit market" 🧵
on.ft.com/48pSHf3
oh grazie dio, can't wait for the admin to bring back all those pasta-making jobs to the rust belt 🥴🍝
www.ft.com/content/8281...
www.ft.com/content/8281...
October 6, 2025 at 12:31 PM
oh grazie dio, can't wait for the admin to bring back all those pasta-making jobs to the rust belt 🥴🍝
www.ft.com/content/8281...
www.ft.com/content/8281...
ok sort of fascinating that the SEC homepage has a very bland statement
as opposed to HUD, SBA etc.
as opposed to HUD, SBA etc.
October 2, 2025 at 3:45 PM
ok sort of fascinating that the SEC homepage has a very bland statement
as opposed to HUD, SBA etc.
as opposed to HUD, SBA etc.
meanwhile, "alarm" is being raised about "lax lending standards" in corporate debt ...
on.ft.com/3KjXwMY
on.ft.com/3KjXwMY
September 24, 2025 at 6:23 PM
meanwhile, "alarm" is being raised about "lax lending standards" in corporate debt ...
on.ft.com/3KjXwMY
on.ft.com/3KjXwMY
private credit is being lent to publicly traded companies to fund billions of dollars in stock buybacks
another sound of the barrier between regulated and unregulated finance utterly collapsing
and everyone wonders *why the stock market is still so crazy high*
another sound of the barrier between regulated and unregulated finance utterly collapsing
and everyone wonders *why the stock market is still so crazy high*
September 18, 2025 at 8:24 PM
private credit is being lent to publicly traded companies to fund billions of dollars in stock buybacks
another sound of the barrier between regulated and unregulated finance utterly collapsing
and everyone wonders *why the stock market is still so crazy high*
another sound of the barrier between regulated and unregulated finance utterly collapsing
and everyone wonders *why the stock market is still so crazy high*
oh wait, now you're telling me stock prices can be "engineered?"
September 15, 2025 at 4:21 PM
oh wait, now you're telling me stock prices can be "engineered?"
so where then will rational agents purchasing securities based on the net present value of future cash flows of specific companies get their complete and perfect information?!?!
September 15, 2025 at 4:19 PM
so where then will rational agents purchasing securities based on the net present value of future cash flows of specific companies get their complete and perfect information?!?!
that sound you hear is the collapsing of the wall that separated 'public' and 'private' (unregulated) financial markets
& ofc it's robinhood that move fastest
& ofc it's robinhood that move fastest
September 15, 2025 at 12:46 PM
that sound you hear is the collapsing of the wall that separated 'public' and 'private' (unregulated) financial markets
& ofc it's robinhood that move fastest
& ofc it's robinhood that move fastest
"you can't drink data" is the new "we are the 99%"
September 11, 2025 at 4:06 PM
"you can't drink data" is the new "we are the 99%"
re the GM equity stake and imagining if it had been a real stake held for the public interest.... I have thoughts
holding tight to the idea that we do not need to throw up our hands at the idea of real public equity stakes even tho so far they haven't been done well
berggruen.org/news/public-...
holding tight to the idea that we do not need to throw up our hands at the idea of real public equity stakes even tho so far they haven't been done well
berggruen.org/news/public-...
September 10, 2025 at 4:28 PM
re the GM equity stake and imagining if it had been a real stake held for the public interest.... I have thoughts
holding tight to the idea that we do not need to throw up our hands at the idea of real public equity stakes even tho so far they haven't been done well
berggruen.org/news/public-...
holding tight to the idea that we do not need to throw up our hands at the idea of real public equity stakes even tho so far they haven't been done well
berggruen.org/news/public-...
re "when the president takes the extreme step of intervening in particular companies, he should articulate a strategy, as Mr. Obama did with the auto industry — "
ummmm the strategy was basically we really don't want to do this & will exit as soon as possible
ummmm the strategy was basically we really don't want to do this & will exit as soon as possible
September 10, 2025 at 4:28 PM
re "when the president takes the extreme step of intervening in particular companies, he should articulate a strategy, as Mr. Obama did with the auto industry — "
ummmm the strategy was basically we really don't want to do this & will exit as soon as possible
ummmm the strategy was basically we really don't want to do this & will exit as soon as possible
September 6, 2025 at 9:55 PM
stop saying 'private' investments and start saying UNREGULATED investments
b/c otherwise this all just sounds totally anodyne, like no big deal, more choices for retail investors!! what could be bad about that?!
it's like everyone forgot why we had securities laws in the first place
b/c otherwise this all just sounds totally anodyne, like no big deal, more choices for retail investors!! what could be bad about that?!
it's like everyone forgot why we had securities laws in the first place
September 4, 2025 at 3:59 PM
stop saying 'private' investments and start saying UNREGULATED investments
b/c otherwise this all just sounds totally anodyne, like no big deal, more choices for retail investors!! what could be bad about that?!
it's like everyone forgot why we had securities laws in the first place
b/c otherwise this all just sounds totally anodyne, like no big deal, more choices for retail investors!! what could be bad about that?!
it's like everyone forgot why we had securities laws in the first place