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Elizabeth Warren: “Private equity firms collect all of the benefits of owning…”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

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Private Equity Guts Everything from Red Lobster to Hospitals: Let's Talk About the Economy Episode 5

Published | Video Starts at 02:59

At this point, you'd think that the private equity company has to pony up and help pay off some of the debt. After all they bought Red Lobster and got them into this mess. But no, our system lets Private equity firms collect all of the benefits of owning the other companies, but take on none of the risk. associated with running those companies straight into the ground. So who has to shoulder that brunt of private equity's actions? (02:59–03:06)

CLAIM

Asserts that private equity firms benefit without bearing risks when companies fail.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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