We have a couple more names to add to our fast-growing list of shadow banking casualties. And, yes, collateral is once again the common theme. One of them is of course in subprime auto financing, but that’s just another canary in the credit coalmine. The other has been accused of fabricating half a billion of collateral invoices. Half a billion. Fake collateral.
Eurodollar University's Money & Macro Analysis
---------------------------------------------------------------------------------------------------------------------
What if your gold could actually pay you every month… in MORE gold?
That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.
Check it out here: https://monetary-metals.com/snider
---------------------------------------------------------------------------------------------------------------------
WSJ Bankrupt Telecom Business Accused of Fraud in Receivables Financing
https://www.wsj.com/articles/bankrupt-telecom-business-accused-of-fraud-in-receivables-financing-0370b4fd
BloombergLaw Factoring-Firm Affiliate Files Chapter 11; Up to $1B Liabilities
https://news.bloomberglaw.com/bankruptcy-law/factoring-firm-affiliate-files-chapter-11-up-to-1b-liabilities
FreightWaves Factoring companies squeezed by slowing shipper payments: Alsobrooks
https://www.freightwaves.com/news/factoring-companies-squeezed-by-slowing-shipper-payments-alsobrooks
Bloomberg BOE’s Bailey Warns ‘Alarm Bells’ Ringing in Private Credit
https://www.bloomberg.com/news/articles/2025-10-21/boe-s-bailey-warns-of-financial-crisis-echoes-in-private-credit
https://eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.