MAKING SENSE -- November 7, 2011 at 3:52 PM ET
'The Buyout of America' Author on Occupy Wall Street Protests
A year ago July, we did a story on "private equity" featuring journalist Josh Kosman, who'd written a book, "The Buyout of America." In it, Kosman blamed private equity firms for buying companies with borrowed money, taking huge fees for the PE firms themselves, and as a result forcing layoffs, benefit cuts and imperiling the companies' very existence.
Recently, on a reportorial visit to Zuccotti Park, we ran into Kosman and asked him about the Occupy Wall Street movement, how it related to his concerns, and why he has so far been dead wrong in predicting a private equity crash.