Josh Kosman author of the book, The Buyout of America, talks with the Two Beers With Steve crew about how he sees the Next Great Credit Crisis coming from the failures of companies that were acquired by the Private Equity firms during the PE boom of 2000-2007.
Steve picked up this book because it is the only new release to be looking at the challenges in front of us and not what has already happened (ie. the housing meltdown or bailouts). Excellent book, excellent interview.
Listen to the NPR podcast with Josh Kosman and Terry Gross
The Two Beers With Steve Magnum Opus. What are we going to do about it? Are we going to keep typing intelligent forum posts and slapping ourselves on the back because we are soooo smart. Or is the constant-student (that would be you!) finally going to get to the point in his/hers re-education and back away from the computer and join in on the movement.
I have faith that the movement is under way you'll just have to find it. Find your role in how you can help and get out there. You can help me (Steve), I most definitely could use the assistance and let me be clear, we will screw up, we'll be amateurs, we'll embarrass ourselves, and we'll pick ourselves back up and keep marching forward.
I'm finally getting busy...