SubscribeAll Posts Tagged With: "booming businesses"
Overly Leveraged Private Equity Deals Add to Unemployment and Deepen Recession
The once booming business of private equity faces an uncertain future. What’s not uncertain, however, is that many private equity deals are imploding from the weight of leveraged debt and greed. Inevitable bankruptcies will result in higher unemployment and a deeper recession.
Private equity is an asset class consisting of equity securities in operating companies that are not publicly traded. The name “private equity”is the rechristened, kinder and more gentile label for what used to be known as leveraged buyouts, or LBOs. But make no mistake about it, while leverage may not be part of the name any more, it remains…
11Dec2008 | Money Morning | 0 comments | Continued
Loading ...
