The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis

By Josh Kosman

An authoritative expose 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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NEWS & OPINION: The Portfolio Catalog & Business Beat

Posted November 6, 2009, 3:43 PM with category of Publishing Industry
Being the publisher of The 100 Best Business Books of All Time, we're obviously fond of the folks at Portfolio. Beyond the personal connection, though, we feel they have consistently put out some of most intriguing books in the business genre over the past decade, and continue to do so. The list below contains the titles coming out of that publishing house in hardcover before year end. Read more




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ISBN: 9781591842859

About the Hardcover

Publisher Portfolio
Publish date 11/01/2009
Pages 280
ISBN-13 9781591842859
ISBN-10 1591842859
Language English

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