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Ep 16: How Private Equity is Plundering America (with Brendan Ballou)
Library of Mistakes
The Role of Arbitration in Private Equity
Private equity firms have gotten really adept at using the bankruptcy process to slough off pension obligations here in the United States until something that's called the pension benefit guarantee corporation. The public cost is also there in the pensions because you mentioned several instances as well where it's the public event up picking up the cost of the pensions and some of these deals as well. Well, so rights, that was the thing I didn't expect to find in your book. And that is about arbitration and the need for certain customers of private equity to if you like, we have legal rights in lieu of an arbitration process.
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