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Ep 16: How Private Equity is Plundering America (with Brendan Ballou)

Library of Mistakes

CHAPTER

The New Relationship Between Private Equity and Insurance

Private equity firms have been buying up life insurance companies. They intend to use the premiums that you pay every month or every quarter and investing that in their own projects. If a private equity firm buys an insurance company and they invest in risky schemes and the insurance company goes insolvent, at least potentially, the private equity firm can walk away while it's other more responsible companies who are going to have to pay here.

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