By — Paul Solman Paul Solman By — Ryan Connelly Holmes Ryan Connelly Holmes Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/why-private-credit-is-creating-major-concerns-among-economists Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Audio Investors and economists are warning about a piece of the financial system that could pose a risk that is potentially similar in ways to the housing crash that preceded the financial crisis in 2008. It’s part of what's been called the shadow banking system: the private credit market, an alternative type of lending to companies that doesn't involve traditional banks. Paul Solman explains. Listen to this Segment Watch Watch the Full Episode PBS NewsHour from Dec 11, 2025 By — Paul Solman Paul Solman Paul Solman has been a correspondent for the PBS News Hour since 1985, mainly covering business and economics. @paulsolman By — Ryan Connelly Holmes Ryan Connelly Holmes