A new book exposes private equity underwriters (PEU) and the widespread damage the greed and leverage boys have done over the last several decades. That has been the aim of PEU Report since I began this blog in July 2007.
Elected officials have not reigned in corporate flippers, much less fulfilled their promises to remove PEU preferred "carried interest" taxation. That's because politicians Red and Blue love PEU and increasingly, more are one.
Update 4-26-23: Preying on the Dying: Private Equity Gets Rich in Hospice Care
Another book on the plundering greed and leverage boys will be out this summer.
Update 6-2-23: The American Prospect ran a piece called "Days of Plunder."
Two new books call ‘private equity’ what it actually is, but neither offers much hope for emancipation from our eternal hostile takeover.
I suggest the piece be renamed "Decades of Plunder" enabled by both Red and Blue political teams.
Update 8-12-23: Adam Taggert from Wealthion interviewed Morgenson. This is a shift from his recent interview on the benefits of private equity and the possibility of endorsing a PEU firm for followers.
