Private-Equity Firms Could Make a Killing from the Bailout
Oct 7th, 2008 | By Andrew Gordon | Category: Featured, Financial NewsThe markets haven’t exactly soared on the passing of the bailout bill. But Andrew Gordon says some firms are going to make huge profits from the bill.
Andrew says, “Real estate companies, hedge funds, and private-equity firms have raised tens of billions this year alone for the specific purpose of buying distressed debt. The bailout is about to kick off the biggest fire sale of real estate in US history.“
However, these firms may also inherit heaps of bad debt if they don’t do their research properly. There will be plenty of big losers for every big winner from this bailout.