Renaissance-Less Democratic Capitalism In America

"In the past week, Warren E. Buffett put up nearly $10 billion to acquire Constellation Energy Group and a stake in Goldman Sachs. Japan's largest bank company has agreed to invest billions of dollars in Morgan Stanley. Private-equity firms, meanwhile, are lining up funds so they can pounce on assets that are priced to move quickly.

The renewed dealmaking suggests that a few big investors are ready to brave the markets again.

"When history is written [sic], this could be seen as the turning point," said David Rubenstein, co-founder of the Carlyle Group, a Washington private-equity firm with $40 billion in cash that it would like to put to work." ...

Heather Landy and Thomas Heath "Fresh Signs of Recovery Or Just Opportunism?" Washington Post September 25, 2008