Monday, March 30, 2009


The carnival barker called out, "Step right up, PEU boys! Get your public-private partnership here!" Surely, some private equity underwriters (PEU's) are interested:

“Roads are the single greatest infrastructure element,” said Richard Chang, principle, Infrastructure Fund of Carlyle Group. “The public’s ability to deliver on such infrastructure is constrained, so the key is finding where private capital fits in.”

Odd, the public seems fully capable of delivering $13 trillion in financial interventions, including public private partnerships financed 97% with public funding.

Yet, that same government puts off health care reform to 2010 while giving away public capital and revenue streams to PPP's. Horse hockey! The logical fallacies can only be resolved with the lens of Corporafornication.