Private Equity’s Plan to Pillage America

The Institute for New Economic Thinking has the podcast Plunder: Private Equity’s Plan to Pillage America.

Brendan Ballou, talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US. Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division.

The fact that I know about this, but so few others understand what is being done to them is what horrifies me.

Listen to this podcast, try to get an idea of the danger it poses, and try to get others to understand this.

If people in Massachusetts understood how Deval Patrick stabbed them in the back after he left office, they might be more guarded in their praise of ex-politicians.

In case people can’t make the connection, Deval Patrick went to work for Bain Capital after he left office. Mitt Romney made his fortune in Bain capital before he got into politics. Romney had the nerve to call people unlike himself as “the takers”. He didn’t own up to the fact that people like himself were the most successful robber baron’s around. People in Massachusetts today probably don’t understand how Mitt Romney got rich.

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