Is Goldman's Run Over? Or Do Financials Surge Ever Higher?

July 9, 2025 | Premium Service | Updated | We all were a little amused to learn that the Federal Reserve Board decided to ignore the massive financial and reputation risk in private equity and private credit in the most recent bank stress tests. With cash bids for private assets plummeting, and sponsors in full flight due to prospective litigation by jilted clients, how do the Fed and other bank regulators retain any credibility?  

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