Former Goldman CEO Lloyd Blankfein says markets are due for a 'reckoning,' and private credit could be the catalyst

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• Former Goldman CEO Lloyd Blankfein says he's worried markets are headed for a "more severe reckoning."
• He spoke of the growing risks of another financial crisis, and pointed to problems in private credit.
• Investors may realize one day that assets in the sector are mispriced, he said.

The executive who led Goldman Sachs through the Great Financial Crisis is sounding a warning about America's private credit machine.