Steve Eisman Warns This 'Slow Brewing Scandal' Could Spark The Next Financial Crisis - Blue Owl Capital (NYSE:OWL)

Steve Eisman, the investor who predicted the 2008 mortgage crisis, says private credit’s grip on the life insurance industry is “a slow brewing scandal which could be one day a great financial crisis.”On the Real Eisman Playbook podcast, Eisman and forensic accountant Tom Gober laid out a case that firms like Apollo Global Management Inc (NYSE:APO) , KKR & Co Inc (NYSE:KKR) and Brookfield Asset Management Ltd (NYSE:BAM) are using captive insurance divisions to buy their own private credit paper.At the same ...