Another major media organization gave Carlyle Group co-founder David Rubenstein a public platform. WaPo joined Bloomberg, PBS and CNBC in handing Rubenstein a microphone and cameraman.
A large public pension is suing Carlyle over huge sums paid to Carlyle's founding triumvirate. Rubenstein cited the distortions money cause on our political system. He should know as Carlyle innovated in that regard, locating the firm in Washington, D.C. to mine Uncle Sam's wallet.
Rubenstein did not explain why private equity underwriters (PEU) continue to pay lower taxes via their "carried interest" tax break.
The reason? Politicians Red and Blue love PEU and increasingly, more are one.
