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You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investmentbanks.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. That whole distressed debt department at city 00:06:31 [Speaker Changed] Banks are wanting to sell? I work for a really senior guy in the investmentbank. There’s leverage.
You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. And what was interesting was the first leveragedbuyout of a public company happened when I was in graduate school. It was between corporate law and investmentbanking.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Google , YouTube , and Bloomberg. The investmentbanks were stuck with syndications that they had committed to, to place in the markets with price caps on the, on the coupons. It, it, it was huge price declines.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. One, two, there was a theory that these businesses had volatile cash flows and therefore couldn’t be leveraged, which was the, you know, the whole point of leveragedbuyouts.
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. Leveragebuyouts requires leverage. And when rates were so low, the leverage went, it was cheap and, and and easily accessible. But also it helped private equity do deals, right?
You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveragedbuyouts. COHAN: Everybody wanted to be an investment banker.
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