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3min chapter
Private Equity's Plan to Pillage America with Brendan Ballou
The Lincoln Project
The Magic of Private Equity
Brennan: Private equity is a business model that was really invented by lawyers and regulators. He says private equity firms only have to put up a little bit of their own capital in order to buy a business. But when they borrow the money, the responsibility to pay it back isn't held by them; it's held by the company he buys. Brennan: It's a sort of heads-eye wind, tails-you-lose sort of situation.
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