# Is another financial crisis on the horizon? Wall Street fears new crash

Page: https://stenobird.com/podcast/geopolitical-economy-report-5434689/is-another-financial-crisis-on-the-horizon-wall-street-fears-new-crash
Text version: https://stenobird.com/podcast/geopolitical-economy-report-5434689/is-another-financial-crisis-on-the-horizon-wall-street-fears-new-crash.md
Podcast: [Geopolitical Economy Report](https://stenobird.com/podcast/geopolitical-economy-report-5434689)
Published: 2026-04-06T15:05:16+00:00
Episode link: https://soundcloud.com/geopoliticaleconomy/financial-crisis-wall-street-private-credit
Audio file: https://feeds.soundcloud.com/stream/2297479571-geopoliticaleconomy-financial-crisis-wall-street-private-credit.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/geopolitical-economy-report-5434689/episodes/is-another-financial-crisis-on-the-horizon-wall-street-fears-new-crash
Duration seconds: 834

## Resource

Is the United States on the verge of another financial crisis? Some top Wall Street executives fear the bankruptcies in the $3 trillion private credit industry could spread, as firms prevent investors from withdrawing their capital, in what resembles a bank run. Then there are problems with the AI bubble and Big Tech stock market bloat. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=S1cx9Zk6WZk Check out our other video explaining how the Iran war will transform the global economy: https://www.youtube.com/watch?v=kocFwbTbs1Q Topics 0:00 New financial crisis coming? 0:36 Private credit industry 1:27 Cockroaches in private credit 2:18 Bank run similarities 3:32 Bank exposure 5:13 (CLIP) ex Goldman Sachs CEO 6:06 Trump admin scheme 7:55 Blackstone CEO funded Trump 8:48 AI and software companies 9:13 AI bubble 9:42 Big Tech Magnificent 7 (Mag 7) 10:13 US stock market bubble 10:40 AI drives US GDP growth 11:11 Most Americans in recession 11:43 Richest 10% consume 50% 11:57 Iran war, energy crisis, food 13:17 Outro

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/geopolitical-economy-report-5434689/episodes/is-another-financial-crisis-on-the-horizon-wall-street-fears-new-crash/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/geopolitical-economy-report-5434689/is-another-financial-crisis-on-the-horizon-wall-street-fears-new-crash.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.