Thursday, August 18, 2022

Matt Stoller Takes on Greed and Leverage Boys

The public has had enough in part because many have been employed by a private equity affiliate.  They've seen cash funneled up to their PEU sponsor and not used for wage increases or benefit improvements.  Many have seen their retirement benefits decrease under private equity sponsorship.

Founding private equity underwriters (PEU) became multi-billionaires while using their influence to set government policies.  This includes maintaining their preferred carried interest taxation in the face of widespread public opposition.

Matt Stoller's BIG suggests Garry Gensler's SEC will reign in the greed and leverage boys.  I hope he is right given how much Politicians Red and Blue love PEU.