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Kass: Private Equity Is the Next Shoe to Drop

 

This blog post originally appeared on RealMoney Silver on Oct. 30 at 8:10 a.m. EDT.

"I've been in a hurry all my life. I've been in a hurry to succeed, and in a hurry to prove myself."

-- Henry Kravis

The casualty count in the world of finance is about to expand in scope.

At the epicenter of the leveraged binge of the last decade were the private equity shops' "deals." These firms funded their "products" to individuals, endowments, hedge funds and to other institutions around the world with the promise of turning waste into gold. ...

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