We talk frequently on this channel of the dangerous and worsening wealth gap between the rich and the rest of society.
If as a regular individual investor you feel the playing field of today’s financial system is unfairly tilted away from your interests and towards those of the already-wealthy, today’s expert would say you’re absolutely right.
To delve into this topic more deeply, we sit down with Pulitizer-prize winning & NYTimes best-selling investigative journalist Gretchen Morgenson. Gretchen is renown for her groundbreaking reporting on the financial markets, with a particular focus on the way in which they are too often abused by Wall Street power players.
Today, we’ll discuss the key takeaways from her new book “These Are the Plunderers: How Private Equity Runs―and Wrecks―America” which was recently published and is already a Wall Street Journal bestseller.
Gretchen, along with her co-author Joshua Rosner, expose the world of private equity as “insidious”, claiming that a small cohort of elite financiers — and their government enablers — use excessive debt and dubious practices to undermine our nation’s economy for their own enrichment.
To learn how, we hear from Gretchen herself.
Transcript
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