So far, stocks have managed to overcome the crisis in the subprime mortgage market. But what if there's another debt crisis looming?
Larry Fink, the chief executive of BlackRock Group, the trillion dollar fund management group, says he thinks the leveraged buyout market will become "tomorrow's problem".
In his comments to the Financial Times, Fink said liquidity is plentiful and demand is strong but lending "standards have deteriorated to levels that we never even dreamed we would see."
Similar warnings are coming from other top players in private equity, including Steven Rattner, managing principal of Quadrangle Group. He said earlier this month that "we are all feasting off the imprudence of our lenders."