Notice how much closer the lines are today compared with five years ago. That's a big reason for the private equity boom.
Posted by edelfenbein at March 20, 2007 11:42 AM
http://www.crossingwallstreet.com/archives/2007/03/credit_spreads.html
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Notice how much closer the lines are today compared with five years ago. That's a big reason for the private equity boom.
Posted by edelfenbein at March 20, 2007 11:42 AM
http://www.crossingwallstreet.com/archives/2007/03/credit_spreads.html
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