I dedicated my life to Toys R Us, and today I'm left with nothing. It's disgusting and it happens over and over. This is the big time PE playbook. Washington has done very little to rein in these [private equity] firms or to ensure that their incentives align with the best interests of our economy. And as a result, private equity firms, they can use all sorts of tricks to get rich, even if the companies they buy fail. (04:49–04:58)
CLAIM
Asserts that there is insufficient regulatory action against private equity firms.
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