Gretchen Morgenson

Pulitzer Prize-winning journalist Gretchen Morgenson dives into her investigative work on Wall Street's dark side. She shares insights on the AIG scandal and the financial crisis, shedding light on how corporate fraud jeopardizes public trust. The conversation also explores the growing influence of private equity, particularly in healthcare, where profit-driven motives threaten care quality. Morgenson highlights the need for accountability in the financial sector, making a compelling case for transparency and ethical standards.

Bloomberg Radio host Barry Ritholtz speaks with Gretchen Morgenson, senior financial reporter for the NBC News investigative unit. A former stockbroker and alumna of the New York Times and Wall Street Journal, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on finance. She and coauthor Joshua Rosner recently published “These Are the Plunderers: How Private Equity Runs ― and Wrecks ― America.” They also wrote the 2011 bestseller “Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon,” about the mortgage crisis.See omnystudio.com/listener for privacy information.

Gretchen Morgenson, a senior financial reporter at NBC News and co-author of "These Are the Plunderers," dives deep into the world of private equity. She reveals how private equity's influence permeates various sectors, especially healthcare, and risks compromising patient care for profit. The conversation critiques wealth concentration among elites, challenging the existing economic structures and ethical dilemmas they create. Morgenson advocates for responsible investment practices that prioritize stakeholder welfare over short-term gains.

Gretchen Morgenson, a Pulitzer-prize winning investigative journalist, dives deep into the murky waters of private equity and its effects on the economy. She discusses how a small group of elite financiers uses excessive debt to enrich themselves at the expense of the average citizen. The conversation reveals the hidden costs of private equity in healthcare, including increased mortality rates, and examines its impact on employment and the housing market. Morgenson calls for transparency and oversight to curb the detrimental influence of these financial elites.

Private equity's takeover of healthcare facilities raises concerns about patient care quality and costs. The impact of profit-driven motives on medical practices is explored, highlighting compromises in staffing and outcomes. Regulatory efforts aim to address declining care standards amidst private equity's growing influence in the healthcare industry.