Billions in loans were extended to private equity. How deep in the weeds are they? "In many cases they're buried," Icahn tells us in a Web Extra exclusive.

Might private equity be the next shoe to drop in the financial crisis? Hear what Carl Icahn has to say. Watch the video now!

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Trader disclosure: On Nov.3, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Macke Owns (UUP), (SDS), (MSFT), (WMT); Macke Is Short (TM)

Finerman's Firm Owns (MSFT); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (USO), (IYR), (IJR), (IWM), (MDY), (USO), (SPY); Seymour Owns (AAPL), (EEM), (F); Terranova Owns (VLO), (AAPL), (EXM), (FCX), (FTO), (POT), (X), (NOV)

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CLB), (DLR), (EPR), (EXR), (MAC), (SLB), (SKT), (UA), (IGE), (DBC), (DBV),Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights, Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc., Virtus Investment Partners Owns More Than 1% Of Shares Of Corporate Office Properties Trust SBI MD