00:00Private credit is something you guys are probably following. It's a relatively small part of a very large asset pool.
00:08We're watching it super carefully, as everyone is. We're talking to the people in the industry and investors and everything.
00:15I think we understand it. We're monitoring it. We're looking for things that might lead to greater contagion or greater
00:21losses or connections to the banking system.
00:24And we're going to do that. Again, you're not going to hear people say, oh, there's no problem here because
00:29that's a jinx. But nonetheless, it's something that we're following very carefully.
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