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Think $GME is insane? And hedge funds are the worst? Well, you’ve seen nothing yet
#PrivateEquity sucks the life blood out of companies and leaves the carcass for sale.
And #PirateEquity
is everywhere — dermatologists, retailers, nursing homes, even cheerleading!
#PrivateEquity sucks the life blood out of companies and leaves the carcass for sale.
And #PirateEquity
is everywhere — dermatologists, retailers, nursing homes, even cheerleading!
We’re talking about an industry where the house always wins
#PrivateEquity takes out a loan, shifts the debt onto a company, then forces the company to fire staff & sell real estate to foot the bill
Once the company is sold, #PirateEquity walks away unscathed
Graphic @ceprdc
#PrivateEquity takes out a loan, shifts the debt onto a company, then forces the company to fire staff & sell real estate to foot the bill
Once the company is sold, #PirateEquity
walks away unscathedGraphic @ceprdc
Every year, #PirateEquity leaves us with fewer choices as they feed on each sector of the economy.
The retail sector has taken the biggest toll — #PrivateEquity slashed over half a million jobs and gutted nearly 18,000 businesses before the pandemic https://ourfinancialsecurity.org/2020/12/news-release-new-study-documents-job-losses-in-retail-due-to-private-equity/
leaves us with fewer choices as they feed on each sector of the economy. The retail sector has taken the biggest toll — #PrivateEquity slashed over half a million jobs and gutted nearly 18,000 businesses before the pandemic https://ourfinancialsecurity.org/2020/12/news-release-new-study-documents-job-losses-in-retail-due-to-private-equity/
And worse? #PrivateEquity endangers our healthcare for profit!
Surprise medical billing? #PirateEquity
Understaffed nursing homes without PPE? Pirates
Dentists drilling into perfectly healthy teeth? Pirates
Dermatologists using contaminated surgical equipment? Need I say more?
Surprise medical billing? #PirateEquity
Understaffed nursing homes without PPE? Pirates
Dentists drilling into perfectly healthy teeth? Pirates
Dermatologists using contaminated surgical equipment? Need I say more?
How can we fix #PrivateEquity’s pillaging?
Step 1: Pass @ewarren’s #StopWallStreetLooting Act.
Stops looting that enriches PE executives
Makes executives liable for damages
Closes tax loopholes
Protects workers from bankruptcy
Requires transparency for investors
Step 1: Pass @ewarren’s #StopWallStreetLooting Act.
Stops looting that enriches PE executives Makes executives liable for damages Closes tax loopholes Protects workers from bankruptcy Requires transparency for investors
Lastly, read @alexisgoldstein’s thorough explainer on $GME and policy suggestions for the future.
“Let’s hope the regulators also take a close look at the even bigger Goliaths, and figure out what role they’ve played, too.” https://marketsweekly.ghost.io/what-happened-with-gamestop/
“Let’s hope the regulators also take a close look at the even bigger Goliaths, and figure out what role they’ve played, too.” https://marketsweekly.ghost.io/what-happened-with-gamestop/
