The GFC taught The Big Short's Greg Lippmann one lesson - he thinks
markets have forgotten it
opalesque
3 weeks ago
22 views
LibreMax Capital founder Greg Lippmann and Antipodes Partners are warning that credit risk has migrated from pre-GFC mortgages toward lower-quality corporate lending and private credit. They highlight weakening lender protections - more than 90% of leveraged loans are now covenant-light versus about...
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