Forstmann on Charlie Rose: easy money caused crisis

Advertisement

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.

Related Posts
1 of 1,809

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


Subscribe to our newsletter

Source
A conversation with Ted Forstmann – Charlie Rose

Get real time updates directly on you device, subscribe now.

Do NOT follow this link or you will be banned from the site!