Monday, July 30, 2012

PEU's Deserve Better

Carlyle Group co-founder David Rubenstein lamented the trashing of private equity underwriters in the Presidential political campaign on CNBC

the (PEU) industry “deserves better defense than what we’re getting” from US public officials

Elected officials have two distinct audiences, those providing money for political campaigns and those likely to vote in elections.

PEU's deserve better as they provide campaign cash.  It can come straight from a billionaire to a 529 organization, originate from the PEU's political action committee, be laundered through an affiliate's PAC or come straight from the personal account of a PEU.

President Obama loves PEU's behind closed doors, while Mitt has PEU blood.  Once the election is over Red and Blue cater to PEU's.  Rubenstein is well aware of this, given Carlyle's base is Washington, D.C.