Forstmann on Charlie Rose: easy money caused crisis

By Edward Harrison On Nov 5, 2008

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.

Source
A conversation with Ted Forstmann – Charlie Rose

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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