"Among those angling for a federal handout is one of the wealthiest sectors of the American economy: private equity. These firms not only have a record $1.5 trillion in cash on the sidelines, but their CEOs are among America’s richest executives."
vanityfair.com/news/2020/04/h…
vanityfair.com/news/2020/04/h…
Private equity billionaires are holding the American public hostage because pension funds gave them massive sums of money.
The whole system is a giant scam. Wake up.
The whole system is a giant scam. Wake up.
So now pirate equity is “too big to fail.” These billionaires know what they’re doing. They intentionally link their fortunes to the broader public so they always get bailed out. Utterly grotesque.
"The half decade from 2013 to 2018 saw the most private-equity deals over any five-year period in American history."
2010-2020 was little more than a leveraged buyout of the American economy. It represented a massive shift into feudalism and very few noticed or cared.
2010-2020 was little more than a leveraged buyout of the American economy. It represented a massive shift into feudalism and very few noticed or cared.
"ILPA wrote to Steven Mnuchin and Fed Chairman Powell last week, arguing that companies backed by private equity should be allowed to access the relief funds provided in the CARES Act."
Pirate equity firms have $1.5 trillion in cash but want us to support their companies.
Pirate equity firms have $1.5 trillion in cash but want us to support their companies.
"Many private-equity investments allow private-equity firms to make additional capital calls when times are tough. That means public pensions might be forced to dump their holdings in public-backed investments to provide private-equity firms with emergency cash."
Unreal.
Unreal.
