If we had a functioning rule of law, private equity’s self-created losses would be crammed onto their own balance sheets. As it is, the Trump administration is enthusiastically aiding the industry’s efforts to use other people’s money to pay for their mistakes.
buff.lyPrivate Equity’s Great Escape - The American ProspectThe industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
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