Playing the Float 0
Yesterday’s Fresh Air looks at private equity firms.
The only difference between these folks and the three-card monte guys is the cost of their suits.
From the website:
Now burdened with debt, many of those companies owned by private equity firms are in danger of defaulting. In a new book, Kosman writes that it’s likely half of the 3,188 American companies bought by private equity firms between 2000 and 2008 could collapse. His book is called The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis.
Follow the link to listen to the show or read the transcript here.