Private equity firms touch our lives everyday. They buy undervalued companies, mostly with borrowed money.They then extract money from the company through various means (fees, dividends, selling off parts etc.) When the company goes bankrupt or outright fails, these companies have still made their millions. All of us should watch this remarkable investigative story to understand how much our lives are affected by the artificial financial schemes run by a few.
http://www.nytimes.com/packages/html/business/2009-private-equity/index.html
Monday, October 5, 2009
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