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.
The clip below runs 22 minutes and should be very enlightening for anyone wanting a realistic view from inside the leveraged finance community.
A conversation with Ted Forstmann – Charlie Rose