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
