“The Bank of England warned on Thursday that the next phase of the UK’s six-year financial and economic crisis may be triggered by the collapse of debt-laden companies bought by private equity firms in the boom years before the crash.  In its latest quarterly bulletin, Threadneedle Street said the need over the next year to refinance firms subject to heavily leveraged buyouts posed a systemic threat.  The Bank added that it would use its new role as the watchdog of the City to monitor private equity deals in future ‘episodes of exuberance’ to prevent a repeat of the debt-driven takeover boom in the run-up to the banking crisis.”

http://www.guardian.co.uk/business/2013/mar/14/private-equity-financial-crisis-bank-of-england

The Freedom Watch Staff

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