Tuesday, February 25, 2014

Carlyle's Rubenstein on CNBC

CNBC reported:

"We believe healthcare, because of what is going on in the United States and the aging of the population in Europe, the United States and Japan, is a pretty good investment," said David Rubenstein, who co-founded private equity giant Carlyle Group, which manages $185 billion.

CNBC researchers have catching up to do given Carlyle's assets under management were $188.8 billion at year end.   As for what's going on in the U.S. it's PPACA, designed by a private equity underwriter (PEU) for PEU's. It's the nature of the game.

It is nice of CNBC, Dealbook and Bloomberg to give Rubenstein free air time to promote Carlyle.  Business reporters know what happens if they don't play nice with modern day Robber Barons.  It's a PEU world.