WSJ What’s News Trump Fires Attorney General Pam Bondi
18 snips
Apr 2, 2026 
Yaroslav Trofimov, WSJ foreign-affairs correspondent covering Iran and the Strait of Hormuz. Sharon Turlip, autos reporter on EV supply chains and factory conditions. Ryan Barber and Matt Wertz, reporters on Justice Department turmoil and private-credit redemptions. They discuss Bondi’s ouster and successor, investor withdrawals at Blue Owl and risks to private credit, and idle EV factories and local community impacts.
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Bondi Exit Shows White House Frustration
- Pam Bondi's ouster reflects White House frustration over her handling of the Jeffrey Epstein matter.
- Ryan Barber says Bondi's removal caps a rocky year and hands near-term leadership to Deputy AG Todd Blanche, another former Trump lawyer.
Private Credit Facing Historic Redemption Stress
- Private credit funds face unprecedented withdrawals that could force asset sales if sustained for multiple quarters.
- Matt Wertz calls it "blood in the streets" and warns that repeated redemptions over several quarters could trigger loan sales and losses.
Avoid Rushing Private Credit Into 401ks
- Be cautious about adding private-credit funds to retirement accounts given the current liquidity shock.
- Wertz says the industry's push into 401(k)s is undermined by funds and investors not fully understanding embedded risks.