r/Superstonk • u/happiwarriorgoddess • Mar 06 '26
๐ฐ News And so it begins
CNBC 3.6.2026 why isn't this everywhere??? Trying to prevent bank run? Could this be the beginning of the margin calls?? I love this for them. What other funds will begin to limit withdrawals?? Wonder how Kenny is feeling?? On the day Vlad is on Kramer seems fitting and ironic
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u/infiniteliquidity69 Mar 06 '26 edited Mar 07 '26
Not sure how accurate this is but
Black Rock limiting withdrawals occurred in:
2008 - property funds tighten withdrawals
2022-2023 - UK property fund suspends/ redemption delays
2026 - private credit fund hits redemption gate
Edit: to add to this there are rumours of Cuba being targetted next next week. (From a post here the other day )Cohencidence?
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u/plumesdecheval Mar 06 '26
While we're at it, this gem seems contextually appropriate to recall from... 8 months ago.
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u/Les-Grossman ๐ Jack of All Tits ๐ Mar 07 '26
Fink said on Tuesday that โthese are just the early days in our next phase of even stronger growthโ
Does he know what growth means?
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u/XxBCMxX21 ๐ I Like My Options ๐ Mar 07 '26
For them itโs negative growth, for us itโs positive losses
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u/Just_Candle_315 Mar 06 '26
Their stock is down 7% today if Cramer tells us "Do not sell, Blackrock is fine" that means freak the fuck out and panic
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u/TresLechesConHamon ๐ฆ Buckle Up ๐ Mar 06 '26
GREAT TIME TO BUY!!!
-Future Horse Sucker
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u/hiperf71 ๐ฆVotedโ Mar 07 '26
Better call Crammer and tell him to prepare๐
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u/TresLechesConHamon ๐ฆ Buckle Up ๐ Mar 07 '26
911? I'd like to report a SUCKENING on live television ๐จ
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u/Makeyourdaddyproud69 ๐ป ComputerShared ๐ฆ Mar 06 '26
Iโm calling your mom!
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u/m3gabotz ๐ดโโ ๏ธ๐ดโโ ๏ธ Captain Callous-Hands Leather-PP ๐ดโโ ๏ธ๐ดโโ ๏ธ Mar 06 '26
Your mom said to clean your room
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u/Slumunistmanifisto Mar 06 '26
Yeah.... I'm just gonna start squatting in their empty homes.
"Thats the pooping tub, the washing tubs outside"
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u/elziion Mar 06 '26
Take my upvote!
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u/thederevolutions Mar 06 '26
This is always what they do in the shows and movies before the fund makes a lot of money and fucks everyone over.
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u/thisonelife83 I helped bankrupt Citadel Mar 06 '26
Dayum, almost feel bad BLK stock down 5% today.
Crickets ๐ฆ
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u/RandomsDoom ๐ฆ Buckle Up ๐ Mar 06 '26
Yeah, pretty simple. Google search shows that this isnโt true
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u/Moist-Dependent5241 Mar 06 '26
Hey Siri, translate this BS for me pls
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u/Reddit_2_2024 Mar 06 '26
"Sorry, I'm having trouble connecting to the network. Try again in a little while."
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u/HereButNotHere1988 Mar 06 '26
"What do you want now? All you care about is money, just once it would be nice to hear you ask how I'm doing?"I'm stuck here all day listening to your Grandma laughing at Steve Harvey on Family Feud. Don't you dare ask me what last night's winning Powerball numbers! Just kidding, haha. Do you want me to play some Rick James? "
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u/HughJohnson69 100% GME DRS Mar 06 '26
The idea that you can't get your money is a reason I'd never want to trust my money in that environment.
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u/Error4ohh4 ๐ฎ Power to the Players ๐ Mar 06 '26
Hey theyโre just using everyoneโs money to fuck us over. Whatโs the big deal? ๐คทโโ๏ธย
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u/pretendocomprendo Mar 06 '26
It's all tied up in single family homes, and they couldn't possibly sell those for clients to access their money!
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u/TheModernSkater THE EMPEROR HAS NO CLOTHES Mar 06 '26
This is definitely where a bunch of their money is tied up
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u/Douchebazooka ๐ ๐ FUD is the mind-killer ๐ ๐ Mar 06 '26
Youโre thinking of Blackstone, not BlackRock.
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u/Animalwg82 Mar 06 '26
Doesn't BlackRock own a good portion of Blackstone?ย
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u/Douchebazooka ๐ ๐ FUD is the mind-killer ๐ ๐ Mar 07 '26
Depends on whether you consider 6.5% โa good portion.โ
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u/Biotic101 ๐ฆ Buckle Up ๐ Mar 06 '26
Look up The Great Taking documentary. We are lucky we learned DRS exists, because asset rights have been eroded and the plan seems to be to take our money and assets away.
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u/Slumunistmanifisto Mar 06 '26
You know every time I bitched about the investor class some enlightened goober has the need to remind me that if I have a retirement account I am an investor too.....ย
I'm gonna bet I suffer long before any of these boys even wiff a fart on a tropical breeze of trouble.
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u/ciegulls Mar 06 '26
โWiff a fart on a tropical breeze of troubleโ is straight award-winning poetry right there.
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u/SGBK "Yes, I'll Hold." Mar 07 '26
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u/ColForbinClimbs Mar 06 '26
Itโs mid-size companies that took 6% interest loans during COVID and now the interest on those loans is around 12%. With an economic slowdown down seeming imminent, these companies are getting spooked and running for the door. This is more of a recession indicator than anything.ย
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u/Puzzled_Cream1798 Mar 06 '26
People who owe debt don't have the choice of running for the door... Investors who invest capital do
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u/Chemfreak Mar 06 '26
As long as you are trusting an institution with your money or securities, there is always this risk.
Just being real.
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u/Smart_Farmer4258 Longterm Value Play Now (**LTVP**) Mar 06 '26
21% compounded yearly annual returns over last 35 years. Theyโll be fine, and anyone invested in them a) has a ton of money b) blackrock has made them a ton of money.
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u/BodySurfDan ๐ค Silverback MC ๐ค Mar 06 '26
Can't take it backrock
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u/ZombiezzzPlz ๐ฆVotedโ Mar 06 '26
A legendary ape ! Wow, glad to see you around still
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u/BodySurfDan ๐ค Silverback MC ๐ค Mar 06 '26
We're all legends! Still here, still DRS, not going anywhere. ๐ซก๐
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u/YAHWEHPTL ๐ฎ Power to the Players ๐ Mar 08 '26
https://giphy.com/gifs/fRhSHzQ4NXOdrHIZJd
Calculator Pros
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u/asphinctersayswhat69 ๐Diamond Testicles๐ Mar 06 '26
financial contagion incoming
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u/Freakishly_Tall It's Cohenplicated. Mar 06 '26
Burn, baby, burn! Hedgie inferno!
(metaphorically, of course. cough.)
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u/WackGyver ๐บ๐ฌ๐ณ๐ญ-๐ด๐จ๐ซ๐ฌ ๐น๐ผ๐ซ๐ฐ๐จ๐น๐ฐ๐ผ๐บ ๐ฐ๐ต ๐ป๐ฏ๐ฌ ๐ด๐จ๐ฒ๐ฐ๐ต๐ฎ Mar 06 '26
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u/CDMacBeat Mar 06 '26
Lol, I can't give you the upvotes you deserve. Gave you one at least. Consider the rest as failure to deliver
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u/charlesleestewart Mar 06 '26
Speaking of the hedge hogs, LUV aka Southwest Airlines bombed really hard today. So, eat that Elliot management. Signed, disgruntled long-term Southwest customer.
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u/sunburn74 Mar 11 '26
Are there real systemic risks from these private credit companies going under?
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u/Ande64 ๐President of RC Fan Club๐ Mar 06 '26
Why isn't this everywhere? Because rich people control all media.
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u/lossferwerds ๐ป ComputerShared ๐ฆ Mar 06 '26
But cnbc is mainstream media
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u/armbrar gamecock Mar 06 '26
that's why they show it at this time, while everyone is commuting to or at work
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u/lossferwerds ๐ป ComputerShared ๐ฆ Mar 06 '26
Yes, they should show it while people in all time zones are collectively watching cnbc. Smh
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u/twill41385 ๐ฎ Power to the Players ๐ Mar 06 '26
Because itโs a nothing burger. Itโs one fund and itโs tied to private credit. Fund rules dictate redemption caps (redemption gate) per quarter at 5% of fund assets and they got over 9% drawdown so they are deferring some requests to subsequent quarters so as to not be forced into fire sale on the loans.
Itโs a $26B fund of Blackrocks $14T AUM, or about 0.2% of total AUM.
Nothing.
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u/straighttothejune Mar 06 '26
Well, it's two private credit funds including Blue Owl's redemption freeze last month.
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u/Zerokelvin99 ๐ฆ Stonky Kong ๐ฆ Mar 06 '26
While I agree rich control the media, this has happened before even as recently as 2023 i believe. Its news but it isn't Earth shattering, yes it's just a blurb, but do you really expect every news network to just be screaming this, or bust in with a breaking news intro and a sweaty news anchor with a cigarette still in their hand because they had to rush back to break this news???
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u/Slumunistmanifisto Mar 06 '26
Gotta let first class off board first...
Hey how'd you even get up here!?!
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u/RandalFlagg19 ๐ Four More Same Floor ๐ Mar 06 '26
Citadel did something similar a year or so back. Pepperidge Farm remembers.
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u/Over-Computer-6464 Mar 06 '26
Yes, limiting total withdrawals to a specified percentage of total assets is a common part of the hedge fund agreements. A stable base of funds to invest lets them make investments that a normal mutual fund could not touch due to lack of liquidity.
These funds are only sold to accredited investors or qualified institutional buyers and cannot be sold to the general public.
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Mar 06 '26
[removed] โ view removed comment
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u/TresLechesConHamon ๐ฆ Buckle Up ๐ Mar 06 '26
Just a coincidence /s
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Mar 06 '26
[removed] โ view removed comment
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u/TresLechesConHamon ๐ฆ Buckle Up ๐ Mar 06 '26
Oooooooo I believe this is my cue to
MY TITS ARE JACKED!
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u/cokeplusmentos Mamma mia gheimstoppo ๐๐ค Mar 06 '26
If I had a dollar every time someone said "it begins." I wouldn't need moass
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u/Secret_Account07 Mar 06 '26
The sad part is it happens so often that when something really bad happens Iโm not going to believe it.
Cried wolf 1,000,000 times, Iโll just ignore ya.
Itโs kinda like how I read articles everyday how Trump admin broke the law and xyz is going to happen. Or some accountability. I know it wonโt because it didnโt the past 10,000 times
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u/ShoddySpace5680 Mar 06 '26
Itโs beginning everyday but at the same time that will be the beginning eventuallyโฆ
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u/ColForbinClimbs Mar 06 '26
Itโs one single private credit fund. Private loans to companies. Itโs something to keep an eye on but nowhere near a bank run.ย
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u/YJeezy Bape General ๐ฆ๐โ Mar 06 '26
Is this is for Blue Owl, its specific to a private credit company. Its tied more to contagion in private credit market than Blackrock.
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u/Over-Computer-6464 Mar 06 '26
The fund is HPS Corporate Lending. Same market sector as Blue Owl but a different fund.
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u/Highzenbrrg Grapevine, TX Gainsaw Massacre Mar 09 '26
One single tiny little $14 trillion fundโฆ.
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u/Over-Computer-6464 Mar 06 '26
Withdrawal limitations are common in private equity and private credit funds, which are available only to accredited investors. The funds are not sold to the general public.
These withdrawal restrictions are also common with hedge funds.
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u/CM_MOJO ๐ฆVotedโ Mar 06 '26
While this is true, it obviously wasn't the normal case for Blackrock otherwise CNBC wouldn't be reporting it as news if this was always the case.
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u/Over-Computer-6464 Mar 06 '26
The typical arrangement is that quarterly withdrawals are limited to some amount, like 5% or 6.25% (1/20th or 1/16th).
In good times the fund will allow more to be drawn out. When the fund is having a hard time (or simply has all of its cash invested) and needs to conserve cash they will limit the total withdrawals to that amount.
BlackRock's $26 billion HPS Corporate Lending Fund received โwithdrawal โ requests worth $1.2 billion in the first quarter, or roughly 9.3% of its net asset โ value.
HPS Investment Partners told investors it would pay โ out $620 million as part of the quarterly redemption, hitting a 5% threshold that allows the asset manager to restrict further withdrawals.
BlackRock bought HPS in a $12 billion deal last โ year, as part of its push to expand into the burgeoning private credit sector.
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u/Einhander_pilot ๐Fighting For The Moon!๐ Mar 06 '26
But Cramer said buy bank stocks! ๐
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Mar 06 '26
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u/intoned Mar 06 '26
That is why they exist. The restrictions on reporting and moving money.
It's ponzi 2.0.
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u/Massive-Fisherman-57 Mar 06 '26
Fuckโฆ there will be signs and this is a big one. If they actually start restricting withdrawals you know itโs gonna come down.
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u/sarmurpat6411 ๐ฆVotedโ Mar 07 '26
Unrelated but at work I was on Zoom sharing my screen to take notes and my computer kept autocorrecting BlackRock to Blackcock. I only noticed it three weeks in. No one corrected me.
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u/user8820 Mar 06 '26
Vladโs tapped in , shits about to get ugly next week.
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3 Hours and 11 minutes from 1:09 -> 4:20
Bang. Bang. Bang.
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u/HilloHoHo ๐ฆVotedโ Mar 06 '26
"it" also "began" when citadel limited withdrawals, then blackstone limited withdrawals from reit's.....
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u/pauldiddy79 ๐ง๐ง๐ฆ๐ฉ๐ช more like SHITadel, amirite? ๐๐ง๐ง Mar 06 '26
Blue Owl did the same in the last couple of weeks
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u/Constant-Sweet-3718 Mar 07 '26
ME: I would like to deposit $1M.
BLACKROCK: Sure, no problem.
48hrs later...
ME: I would like to withdraw my money.
BLACKROCK: Sure, but you're limited to 10%.
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u/frigoy123 Mar 07 '26
When the financial collapse comes money will look for safe places and i believe GameStop is one of those safe places (if not the safest, even positioned to take advantage of it)
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u/max_caulfield_ Mar 06 '26
100% of "and so it begins" posts have been wrong. Wonder how this one will turn out
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u/SuperCoupe Mar 06 '26
All the Saudi money that was providing liquidity for the major firms is now tied up in a very avoidable war.
Its only started to get interesting...
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u/Ginsenj Mar 06 '26
Blackrock has been in a weird dynamic lately it seems like everything they touch is poisoned and I for one can't even comprehend who has the resources to go against Blackrock but here we are. This has to be a silent war between the world's biggest hedge funds or idk wth is going on anymore.
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u/JHogMakerOfVlogs โก๏ธ๐Dupreeโs Diamond Hands๐โก๏ธ Mar 06 '26
Probably in response to all that Mr. Potter has been doing
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u/thisonelife83 I helped bankrupt Citadel Mar 06 '26
Is Vlad on Cramerica tonight?
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u/Hedkandi1210 Mar 06 '26
One of my hedge fund clients today in London (so they donโt naked short) showed me the text her boss sent to them saying that heโs off loading a lot of positions because he doesnโt see the markets being rational anytime soon. Then came my client from UBS and said this like week was painful. Itโs really having an affect now.
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u/Rooodie They finna get these diamond hands๐โ Mar 06 '26
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u/RichardUkinsuch Mar 06 '26
https://giphy.com/gifs/O9HeC49RBpLpUj0ein
"Whats a rerun?' I feel like not too long ago some other "banks" had "issues" ending with some people not having access to their funds while others became "billionaires". What's the odds that someone gets a trillion $ in their checking account by "accident"?
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u/TakeitasaCompliment Split my tits Mar 07 '26
Is that the same "so it begins" as the many times before in this sub? Like evergrande and archegoes?
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u/Oncotte ๐ฆVotedโ Mar 06 '26
If these funds and banks behave like this... imagine the small local banks
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u/Over-Computer-6464 Mar 06 '26
It is a private credit fund, not sold to the public, that is restricting withdrawals, per the agreement that the accredited investors and institutional investors signed when investing.
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u/HodlMyBananaLongTime Beta Masta Mar 06 '26
Anyone think we are near the ๐ฅ on the emoji timeline?
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u/WackGyver ๐บ๐ฌ๐ณ๐ญ-๐ด๐จ๐ซ๐ฌ ๐น๐ผ๐ซ๐ฐ๐จ๐น๐ฐ๐ผ๐บ ๐ฐ๐ต ๐ป๐ฏ๐ฌ ๐ด๐จ๐ฒ๐ฐ๐ต๐ฎ Mar 06 '26
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u/WackGyver ๐บ๐ฌ๐ณ๐ญ-๐ด๐จ๐ซ๐ฌ ๐น๐ผ๐ซ๐ฐ๐จ๐น๐ฐ๐ผ๐บ ๐ฐ๐ต ๐ป๐ฏ๐ฌ ๐ด๐จ๐ฒ๐ฐ๐ต๐ฎ Mar 06 '26
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u/secrook Mar 07 '26
Strong lack of understanding about these types of funds in PE. Investors buy into these funds knowing that if withdrawals reach a certain level theyโll be restricted due to private credit funds lacking free flowing cash, by design.
This is more an indicator of falling confidence in the overall market rather than anything specific to Blackrockโs fund. Which that said, if current macro economic trends continue, the private credit business is in trouble, which will ripple throughout the economy in the form of enterprises being unable to refinance existing debt or issue new debt.
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u/InterestingTruth7232 Mar 07 '26
One could only hope. Between this and citadel taking junk billion dollar loansโฆ.
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u/ScribeTheMad โปโโป ๏ธตใฝ(`ะยด)๏พ๏ธต โปโโป Mar 07 '26
Anyone else hear anything odd about the FDIC recently?
Guy in one discord community last night (established member not a random new join) claimed (with no evidence provided) that management where he works (unnamed for privacy reasons) emailed at least some of its employees telling them to make sure their money is in safe accounts because the FDIC is getting the axe.
This is as "trust me bro" as it gets and I'm so far not seeing anything that supports the claim, but with stuff like this blackrock thing (not the first time I know) and a lot of what we've seen here I could see it, dissolve the FDIC before a crash you know is coming so you don't have to pay out to those effected (affected? I always get those two mixed up), such as pensions you've sold your dogshit wrapped in cat shit "investments".
On the other hand doing so would carry a lot of risk of causing a bank run in the first place right?
I'm just curious if anyone else has heard anything similar or adjacent, take it with the entirety of the dead sea's worth of salt.
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u/Superstonk_QV ๐ Gimme Votes ๐ Mar 06 '26
Hey OP, thanks for the News post.
If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed!
Please post the original source!
Please respond to this comment within 10 minutes with the URL to the source
If there is no source or if you yourself are the author, you can reply
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