Private Equity — The Rapacious Creditor of American Business
Check out the loan sharks of American business. And they don’t even loan their own money.
When I think of private equity, I think of former governor of Massachusetts, Mitt Romney, once legendary financier working for the private equity firm, Bain Capital, and now US Senator for Utah. Mitt Romney, like many other Utahns, is a Mormon.
Curiously, most of Romney’s fortunes were made from making usurious loans to businesses, and many of the…