WSJ What’s News Why Bankers See Dollar Signs in Private Credit’s Meltdown
30 snips
Mar 24, 2026 
Jacob Passy, a Wall Street Journal travel reporter covering aviation and LaGuardia runway safety, joins to discuss rising near-misses and what regulators are doing. He explains staffing, outdated radar, fatigue and LaGuardia’s constrained layout. He also outlines proposed fixes like surface radar and faster controller hiring.
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Runway Safety Hinges On Staffing And Surface Radar
- LaGuardia collision renewed focus on staffing and outdated runway technology.
- Investigators flagged controller fatigue, missing fire-truck transponder, and airports lacking surface radar to locate vehicles precisely.
Banks Are Poised To Reclaim Private Credit Market
- Big banks face both risk and opportunity from private credit's turmoil.
- Banks had limited exposure to software loans (≈10%) while private-credit firms held ≈30%, leaving banks room to regain market share.
Banks Are Selling Shorting Opportunities To Clients
- Banks can profit from private-credit stress by advising clients and facilitating trades.
- JPMorgan and others are pitching hedge funds to short publicly traded private-credit-exposed stocks and offering lending to distressed funds.