Josh Kosman (Author & Reporter, New York Post)
John Kosman talks about what happened with credit agencies before the great recession. He discusses how when private equity firms bought companies and then put them deeply in debt, credit risk managers either turned the other way or if they complained were often fired. Kosman shares how after the recession credit managers became much more cautious. He also talks about possible repercussions if the present administration decides to roll back current legislation that curtails leveraged buyouts.