The Dream How Is This legal?
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Jan 27, 2025 Meredith Lynch, a comic and podcaster known for her expertise on private equity, joins Jane Marie in a deep dive into the often murky world of finance. They examine the dark side of private equity, discussing its chilling impact on jobs and healthcare. Lynch highlights the alarming influence of junk bonds and profit-driven motives that jeopardize community health. The conversation blends humor with critical insights, revealing the troubling ethical implications of wealth accumulation in a society facing growing inequality. It's a compelling look at finance you didn't know you needed!
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Private Equity vs. Venture Capital
- Private equity focuses on a company's debt, often increasing it, unlike venture capital, which aims for growth.
- This key difference, highlighted by journalist Gretchen Morgensen, distinguishes these investment approaches.
Steward Healthcare Example
- Steward Healthcare, bought by private equity firm Service Capital Management, demonstrates private equity's impact.
- They sold hospital land, leading to vendors going unpaid and impacting low-income communities.
Hospital Cost-Cutting Consequences
- Private equity's cost-cutting measures can have dire consequences, as seen in hospitals neglecting essential supplies.
- Nurses resorted to buying diapers and other necessities, impacting patient care.
