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Elizabeth Warren: “They're trying to sell Genesis to a new owner, a company…”

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

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Private equity's latest victim? Your grandma's nursing home.

Published | Video Starts at 01:38

The PE firm is now trying to abuse the bankruptcy process. They're trying to erase what they owe to the seniors they neglected and injured at Genesis Nursing Homes. And They're trying to sell Genesis to a new owner, a company called CPE 88988. Yeah, that is really the name. Why such a weird name? Well, maybe because they're trying to cover up the fact that the owner of CPE 88988 is the head of the same PE backed company that originally drove Genesis straight into the ground. (01:38–01:43)

CLAIM

Asserts that Genesis is being sold to a company named CPE 88988.

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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