Remove 2007 Remove Collateral Remove High Net Worth Individuals
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Transcript: Gretchen Morgenson

The Big Picture

MORGENSON: It can be collateralized loan obligations, now it’s big private debt. In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9.