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DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings
DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings
It all started in late January, just before the Blue Owl debacle and the SAAS-palcypse sparked a historic crash in private credit.
It was then that in a rare off-cycle disclosure, BlackRock TCP Capital Corp., a publicly traded private-credit fund structured as a business development company (BDC), disclosed a 19% markdown in net asset value as troubled loans weighed on performance. The news not only sent shares of the fund plunging 13% on Jan. 26, the most since March 2020 but market...
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Mar 6, 2026 / Tyler Durden
Minnesota State Employee Who Vandalized Teslas Last Year 'Punished' With 1-Day Suspension
Minnesota State Employee Who Vandalized Teslas Last Year 'Punished' With 1-Day Suspension
Authored by Debra Heine via American Greatness,
A Minnesota state employee who vandalized six Tesla vehicles last year, causing up to $21,000 in damage, received no jailtime and just a single-day suspension from his job, state records show.
Dylan Adams, an employee with the Minnesota Department of Human Services (DHS), was caught on Tesla security cameras keying the vehicles in March and early April 2025, amid a rash of anti-Tesla vandalism and firebomb attacks throughout the nation.
The anti-Tesla attacks coincided with nationwide “Tesla...
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Feb 28, 2026 / Tyler Durden
Fed Plans To Release Sweeping Bank‑Capital Rule By Late March: Top Regulator
Fed Plans To Release Sweeping Bank‑Capital Rule By Late March: Top Regulator
Authored by Andrew Moran via The Epoch Times (emphasis ours),
Long-awaited banking regulation—also known as the Basel III Endgame framework—will be released next month, said the Federal Reserve’s top banking regulator.
Michelle Bowman, vice chair for supervision of the Federal Reserve Board, in Washington on July 22, 2025. Ken Cedeno/Reuters
Fed Vice Chair for Supervision Michelle Bowman, appearing at a Senate Banking Committee hearing on Feb. 26, confirmed that regulators are expected to release an updated Basel III proposal at the...
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Mar 26, 2026 / Kyle Anzalone
Pentagon Developing Options for ‘Final Blow’ in Iran War
The Department of War is preparing four options for President Donald Trump to escalate the war against Iran. The Pentagon hopes that if Trump selects one of the options, it will force Tehran to comply with Washington’s demands. Two US officials confirmed to Axios that the Pentagon was developing plans for a “final blow” against […]
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