The buyout of america: How private equity will cause the next great credit crisis
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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.
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ISBN:
9781101152386
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Grouping Information
Grouped Work ID | ae5d7abd-fb19-c3b5-259c-6b71fe0f9939 |
---|---|
Grouping Title | buyout of america how private equity will cause the next great credit crisis |
Grouping Author | josh kosman |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-03-06 04:19:01AM |
Last Indexed | 2024-04-19 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
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
Nonfiction
Politics
Solr Details Tables
item_details
Bib Id | Item Id | Shelf Loc | Call Num | Format | Format Category | Num Copies | Is Order Item | Is eContent | eContent Source | eContent URL | Detailed Status | Last Checkin | Location |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
overdrivecmc:ODN0000274819 | ODN0000274819 | Overdrive (CMC) | Online Overdrive (CMC) | eBook | eBook | 1 | false | true | Overdrive (CMC) | http://link.overdrive.com/?websiteID=162&titleID=274819 | Available Online | Overdrive (CMC) |
record_details
Bib Id | Format | Format Category | Edition | Language | Publisher | Publication Date | Physical Description | Abridged |
---|---|---|---|---|---|---|---|---|
overdrivecmc:ODN0000274819 | eBook | eBook | English | 2009 | 1 online resource |