Private equity firms have gutted companies & killed jobs long before COVID-19. Now I’m concerned they’re exploiting the public health & economic crises to line the pockets of wealthy firms at the expense of our communities. #StopWallStreetLooting cnbc.com/2020/06/25/eli…
The private equity industry's playbook – buying up companies, bleeding them dry, & cutting jobs – is especially troubling right now for their nursing homes & health care staff. These firms care more about lobbying for bailouts than supporting their communities & workers.
This crisis has left private equity firms drooling over struggling companies they can gobble up. Congress should pass my #StopWallStreetLooting Act to fundamentally reform private equity & my bill with @RepAOC to stop predatory mergers & acquisitions during the COVID-19 pandemic.
