The NYTimes has an excellent story on the change that is coming to Wall Street, Private Equity and the Masters of the Universe dwelling there. What makes this story cogent is that these guys (primarily) are busy trying to remake themselves as smart bond/debt holders – now that easy credit for stocks and buyouts has dried up. And despite having given their investors and debtholders a shellacking and despite the fact that the debt and bond markets have entrenched and well financed players, many of these so called “ex-Masters of the Universe” are getting hoards of new money to get them storied returns again.
Do you see more than a fifth of GroundHog Day – the movie, in these events??