BX - Blackstone Inc.

Blackstone is mentioned as one of the Wall Street firms that has been pushing to access the $7 trillion in 401(k) retirement accounts. No direct investment opinion is given.

Blackstone had record withdrawal requests from its $82 billion credit fund, forcing it to use its own money and employees' personal money to cover gaps. Stock price described as collapsing.

Blackstone has frozen withdrawals from private credit funds and is heavily exposed to the collapsing private credit market

Mentioned as context for private credit market selloff - down 31% YTD. No explicit recommendation, just cited as evidence of sector-wide weakness affecting SoFi sentiment.