Forstmann on Charlie Rose: easy money caused crisis


Teddy Forstmann, one of the co-Founders of LBO giant Forstmann Little & Company, sounded the alarm earlier this year on the credit crisis. In an article from the Wall Street Journal that I chronicled here, Forstmann warned of impended crisis.

Now, he has come out to explain his views in full in a recent interview on the Charlie Rose Show. At its root this crisis is about easy money, he says.

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The clip below runs 22 minutes and should be very enlightening for anyone wanting a realistic view from inside the leveraged finance community.

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A conversation with Ted Forstmann – Charlie Rose

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