Today we are doing Jen’s favorite thing: following the big dirty money. This time the focus is on the world of private equity. Those two words together sound ever so restrained and elite, even contained.  In reality though the world of private equity is rough and destructive and affects all of us from patients seeking health care to workers losing their jobs. There are more than $10 trillion in private equity assets under management. And many public pension funds as well as ordinary members of the public are invested. Not private at all.

Timing is everything. In early December, two U.S. senators launched a bipartisan investigation on the takeover of our nation’s healthcare by giant private equity firms. Today on Booked Up we  have the top experts on this topic,Joining Jen to discuss this topic are authors Gretchen Morgenson and Joshua Rosner. Their new bestseller These Are the Plunderers: How Private Equity Runs—and Wrecks—America is a must-read for anyone and everyone who wants to understand why and how the rich get richer and the rest of us are struggling to make ends meet.

You may recognize Gretchen and Josh from their first book, about the 2008 financial and related mortgage crisis. It was a great resource for me when I wrote about that dangerous period. Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon. 

Gretchen is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on Wall Street. Josh is managing director at independent research consultancy Graham Fisher and Co., advising regulators, policymakers, and institutional investors on banking and financial markets. 

You can email Jen & the Booked Up team at: [email protected] or by writing to: 

BOOKED UP 

P.O. BOX 147

NORTHAMPTON, MA 01061

Twitter | Website | Author of THESE ARE THE PLUNDERERS

Twitter | Website | Author of THESE ARE THE PLUNDERERS

Twitter | Money & Gossip  Substack | Author of BIG DIRTY MONEY