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The Impact of Private Equity on the Economy
Mother Jones takes a look at how private equity is affecting the economy. The author uses an example of what happened to a construction and supply company called house whose islets not how it's spelled. Three bankers with last names who're the acronum for which is k k r came to him and said, hey, we want to do this thing called a leverage by out. They were like, oh my god. We can put hundreds of millions of dollars of debt on a d we're not responsible, they're responsible, but we get profit. It boomed. This was the first major leverage by out in history.
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