Rebel Capitalist News You Won't Believe Who Really Controls Private Credit
Mar 18, 2026
A shocking reveal about who wields power over private credit and why that matters. A deep dive into conflicts of interest from past SEC ties and moves into private credit oversight. A critique of opaque valuation, disclosure rollbacks, and the incentives fueling regulatory capture. A scenario warning about systemic risk and parallels to past financial turmoil.
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Private Credit Influence Reached The SEC Chair
- Private credit influence has reached regulatory power as Paul Atkins moved from private credit to SEC chair.
- George Gammon links Atkins' past SEC role during 2002–2008 and private-credit board ties as a worrying pattern.
How I Discovered Atkins' Private Credit Ties
- Gammon recounts discovering Paul Atkins' role on Cliffwater's board and subsequent appointment as SEC chair.
- He describes stumbling on the detail while reviewing a Wall Street Journal paragraph and researching Atkins on Google/Wikipedia.
Private Credit Uses Opaque Valuations And No Disclosure
- Private credit operates with opaque valuations and minimal disclosure compared with public companies.
- Gammon highlights proprietary algorithms and unverifiable balance sheets as mechanisms enabling potential fraud.