David Bonderman Quotes


A good default, like Portugal or Greece, would be very good for the private equity business.


Citations

Meads, Simon. "TPG's Bonderman: Greek default would be 'very good'." Reuters, Thomson Reuters, 28 Feb. 2012.

Related Quotes

The result was regulation of the banks and the creation of the SEC to regulate the stock market, However, over the years, the regulations were not able to keep up with the sophisticated development of new forms of investments and financial instruments and the financial industry were able to speculate with other people’s money in ways that FDR and his reformers never imagined. Finally, even the regulation that did exist was weakened by the policies of the George W. Bush administration and the combination brought about the Great Recession of 2008 where the profits from excess speculation were privatized and the losses, socialized with the taxpayer and the American worker bearing the brunt while most of the speculators were bailed out and made more money than ever. The Obama administration tried to reform the situation, but was unable to put an end to the legal speculation with other people’s money or of having institutions that were “too big to fail.”


David Bonderman
David Bonderman
  • Born: November 27, 1942
  • Nationality: American
  • Profession: Co-founder Texas Pacific Group, Part Owner Boston Celtics, Co-founder/co-majority Owner Seattle Kraken

David Bonderman is an American billionaire businessman. He is the founding partner of TPG Capital (formerly Texas Pacific Group), and its Asian affiliate, Newbridge Capital. He is also one of the minority owners of the NBA's Boston Celtics as well as the co-founder and co-majority owner (along with Jerry Bruckheimer) of the Seattle Kraken of the National Hockey League.