Private equity marches in. A few wealthy investors buy the outfit, load it up with debt, strip out the assets and suck money out of it until it collapses. Then After thousands and thousands of workers get laid off, and after pensions get raided, after stores close... those private equity outfits walk away with their pockets stuffed with cash. Private equity firms like to tell a nice story about how they buy up failing businesses and make them better. But that is not how they work in the real world. (00:25–00:39)
CLAIM
Asserts that private equity firms profit while causing job losses, pension losses, and store closures.
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