Thursday, June 24, 2010

On Wall Street, So Much Cash, So Little Time

By JULIE CRESWELL, New York Times, June 23, 2010:

Private equity firms, where corporate takeovers are planned and plotted, today sit atop an estimated $500 billion. But the deal makers are desperate to find deals worth doing, and the clock is ticking.
The stores of money inside the private equity industry have ramifications far beyond the bid-’em-up crowd on Wall Street. Millions of Americans — investors, employees, retirees — have a stake in the game too.
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