Saturday, March 27, 2010

Half Of All Nonfinancial Firms That Defaulted Last Year Were Backed By Private Equity: CJR


The greedy little world of private equity is a public menace. Scratch at this just a little bit and you'll find a whole bunch of bad players that have made major fortunes by carving away at the wealth of our nation. It is a scam, and if karma really exists, its players should go down in flames. For a perfect picture of what this is about, unfurl the financial history of Mitt Romney and you can see how America's prosperity is being routinely stolen by unsavory players.
Read the Article at HuffingtonPost

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