Private Equity As Victim: Leverage takes back seat to value creation
| Sep 1st, 2010 | Filed under: Private Equity, Today's Post | By: AAA Staff |
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There is no clear-eyed view on the culprits behind the Great Liquidity Meltdown of 2008-2009. But there is a gimlet-eyed view: everybody. That’s a fancy euphemism for “systemic.” And so the regulatory Leviathan grinds forward, with tighter strictures for the banks that are already regulated, and now to draw the so-called shadow banking system into its grips.
Ah yes, the shadow banking system: investment banks now converted into regulated bank holding companies … and hedge funds and leveraged buyout firms that may have had a passing acquaintance with them.
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