Should We Have Been Harder On Private Equity?

Jon Stewart's chastising of CNBC has no doubt caused other financial journalists to reflect on their coverage of the past few years. Here at peHUB, that means the private equity bubble. Business publications did their fair share of suggesting LBOs used too much leverage. But looking at the massive write-downs, the sharp rise in PE-backed bankruptcies, PE layoffs, the deeply discounted secondary market, and near-worthless portfolio company debt, it's not out of the question to suggest we became numb to the numbers, and were too easy on private equity. ‘But private equity has always been a media scapegoat,' you say! It's true, issues like

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