The WSJ’s article about Kohlberg Kravis Roberts’s latest plan to go public points out that with a market value between $12 billion and $15 billion, the buyout shop would be worth more that Lehman Brothers and half the size of Merrill Lynch. A few other numbers from KKR’s morning presentation caught my eye. With its [...]
The Housing and Economic Recovery Act of 2008 is headed for President Bush’s desk. He’s planning to sign it. Will it stop the housing crash in its tracks and avert recession? Probably not. Will it keep things from getting worse than they otherwise would? Probably. Is it full of lots of junk that won’t do [...]
