Lasry: This Is the Golden Age for Private Credit

The video discusses the current landscape of private credit, highlighting opportunities due to tighter bank lending standards. It explores the potential for increased default rates as banks become more cautious and lending becomes more expensive. The discussion also touches on commercial real estate challenges, particularly in New York City, where rising capital costs could lead to higher default rates or force banks to roll over loans. Overall, the video suggests a 'golden age' for private credit lenders as they step in to fill the gap left by traditional banks.

In what ways might the banking system change in response to increased supervision by the Fed?

What factors contribute to the prediction of a higher default rate in the near future?