Private equity scored big subsidies via the CARES Act and Uncle Sam's largesse. Bloomberg, Dealbreaker and CNBC wrote piece on public funds bailing out billionaires and private equity underwriters (PEU), supposedly banned from getting public money.
It's enough to make one throw their hands in the air, which one author recently did. In his farewell post Michael Kreiger wrote about exposing financial feudalism, which he characterized:
"(Financial feudalism) systematically and intentionally enriches certain small segments of the populace while enslaving the masses via perpetual colossal debt issuance coupled with reoccurring central bank bailouts for the creditor and financial asset speculator class"Is it a last ditch money grab by the greed and leverage boys before they implode under the weight of a global pandemic and an awakening underclass? They believe not. The PEU boys know there's alot more money for them to grab, courtesy of Uncle Sam's wallet.
Politicians Red and Blue love PEU. That isn't you.