"Private credit has been around for decades at this point. But the reality is, it really took until the global financial crisis for it to really kind of come into the spotlight. And it came to the spotlight, because the regulator's came down hard on the banks to say, You know what, if you're going to do this type of lending for small businesses, for consumers, it's going to cost you a lot more, the reserve requirements are a lot higher to be able to kind of do that." Nelson Chu https://www.thebillionairepodcast.com/85
Private credit: crisis spurred scrutiny on costs, regulations for small businesses, consumers.
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