TY - JOUR T1 - You Bring Them a Chest of Gold, They Tell You It’s Too Heavy JF - The Journal of Private Equity SP - 14 LP - 19 DO - 10.3905/JPE.2009.12.3.014 VL - 12 IS - 3 AU - Hugh C Larratt-Smith Y1 - 2009/05/31 UR - https://pm-research.com/content/12/3/14.abstract N2 - Things were very smooth when the economy was expanding at a rapid clip. Companies and private equity groups added leverage at every opportunity. Liquidity was abundant. Now, politicians are saying that banks are hoarding capital—and banks are saying that they want to lend money, but qualified borrowers are not knocking on the door. One thing is clear: the deep freeze in the credit markets will not thaw quickly.TOPICS: Private equity, financial crises and financial market history, global ER -