Remove 2007 Remove Leveraged Buyouts Remove Liabilities
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Transcript: Armen Panossian

The Big Picture

You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. You joined in 2007. But, but fast forward to June of 2007, you know, oaktree in the distressed debt landscape is, is really, you know, second to none.

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Transcript: Gretchen Morgenson

The Big Picture

RITHOLTZ: It’s a liability on the books. 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. MORGENSON: Maybe, but still.