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And another plan from @ewarren. Worth noting that over the years many economists have shared her concern that buyouts often lead to looting of firms, via breaking implicit contracts or use of control to siphon off assets 1/ washingtonpost.com/us-policy/2019…
Old paper by Larry Summers (!) and Andrei Shleifer making that point. 2/ scholar.harvard.edu/files/shleifer…
Think Eddie Lampert at Sears. You may say that not all private equity is like that; on the other hand, Warren isn't trying to ban all private equity, just some of its practices 3/ prospect.org/article/how-se…
