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Transcripts For BLOOMBERG Money Moves With Deirdre Bolton 20131227

Equity firm in the world, blackstone, going public. For the first time this week it is surpassing its 2007 ipo price. Devin, pe as an industry has changed so much in the last few years. Is blackstone the new Goldman Sachs . Hey, deirdre. Happy holidays. It is a good question, because these managers lack stone, kkr are doing a lot of the activities that banks use to do before the regulation came up. Ne prime example is in europe distrust lending, rescue financing, these are areas that banks were very active in. We see blackstone is stepping in to that lending void with this gsr credit unit. Kkr is in the process of doing those types of activities. Re. Llo was already in the in many ways, the question this the answer to your question is yes. They are stepping into that role for certain. Lack stone 6 years ago during the credit crisis, and that stock is basically tanked no other way to say it. But at that time, the Company Double down with its investment. How have public investors done .

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