Events
Much has been written about the hollowing out of America’s middle class, but nothing has fully detailed the outsized role played by a small cohort of elite financiers. This revelatory work unmasks predators on Wall Street, and their government enablers, who use excessive debt and dubious practices to undermine our nation’s economy for their own enrichment: private equity. With the instincts of seasoned reporters, its authors investigate the biggest names in private equity, exposing how they buy companies, load them with debt, and then bleed them of assets and profits. All while prosecutors and regulators stand idly by.
Gretchen Morgenson 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. Previously at The New York Times and The Wall Street Journal, she and Joshua Rosner wrote the bestseller Reckless Endangerment about the mortgage crisis.