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The buyout of america: How private equity will cause the next great credit crisis

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An authoritative exposé of the mysterious and potentially dangerous world of private equity Few people realize that the top private equity firms, such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have become the nation’s largest employers through the businesses they own. Using leveraged buyouts that load their acquired companies with loans, private equity firms have generated more than $1 trillion in new debt—which will come due just when these businesses are least likely to be able to pay it off. Journalist Josh Kosman explores private equity’s explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs. He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.
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ISBN:
9781101152386
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Grouping Information

Grouped Work IDae5d7abd-fb19-c3b5-259c-6b71fe0f9939
Grouping Titlebuyout of america how private equity will cause the next great credit crisis
Grouping Authorjosh kosman
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2024-03-06 04:19:01AM
Last Indexed2024-04-19 23:17:21PM

Solr Fields

accelerated_reader_point_value
0
accelerated_reader_reading_level
0
author
Kosman, Josh
author_display
Kosman, Josh
display_description
An authoritative exposé of the mysterious and potentially dangerous world of private equity Few people realize that the top private equity firms, such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have become the nation’s largest employers through the businesses they own. Using leveraged buyouts that load their acquired companies with loans, private equity firms have generated more than $1 trillion in new debt—which will come due just when these businesses are least likely to be able to pay it off. Journalist Josh Kosman explores private equity’s explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs. He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.
id
ae5d7abd-fb19-c3b5-259c-6b71fe0f9939
isbn
9781101152386
last_indexed
2024-04-20T05:17:21.578Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
primary_isbn
9781101152386
publishDate
2009
recordtype
grouped_work
subject_facet
Business
Electronic books
Nonfiction
Politics
title_display
The buyout of america : How private equity will cause the next great credit crisis
title_full
The buyout of america [electronic resource] : How private equity will cause the next great credit crisis. Josh Kosman
title_short
The buyout of america
title_sub
How private equity will cause the next great credit crisis
topic_facet
Business
Nonfiction
Politics

Solr Details Tables

item_details

Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent URLDetailed StatusLast CheckinLocation
overdrivecmc:ODN0000274819ODN0000274819Overdrive (CMC)Online Overdrive (CMC)eBookeBook1falsetrueOverdrive (CMC)http://link.overdrive.com/?websiteID=162&titleID=274819Available OnlineOverdrive (CMC)

record_details

Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
overdrivecmc:ODN0000274819eBookeBookEnglish20091 online resource