Liquidity is the one word that characterizes Lehman Brother’s booming private equity business, says Tom Russo, vice chairman of the investment giant. But he also says the bubble can burst at anytime.
“Inevitably, something will go wrong. The kinds of things that you worry about, and it is hard to quantify, are the geopolitical issues, anything in that area could really have a real dramatic effect,” Russo said in a “Squawk Box” interview with CNBC’s Maria Bartiromo in Davos, Switzerland. “I’m much more worried about things like avian flu, things that you don’t know how to deal with.”