Elisabeth de Fontenay

Jared Ellias, a Harvard Law professor specializing in corporate bankruptcy, teams up with Elisabeth de Fontenay, a Duke Law professor focused on private credit markets. They discuss the explosive growth of the $1.5 trillion private credit market and its troubling implications for the economy. The duo highlights the transition from traditional bank lending, the lack of transparency in these markets, and the emergence of 'zombie companies' like Sears. Their insights reveal the urgent need for regulatory scrutiny in an increasingly opaque financial landscape.