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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

So they take $400 million out while they are laying off people, shortchanging you on supplies.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

Private equity executives make off with massive short-term gains and they leave workers, consumers, communities, and ordinary investors with pretty much nothing to show for it.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

If private equity has skin in the game, maybe they will think twice about their actions.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

It's long past time to reform this industry and end their most destructive practices.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

The Stop Wall Street Looting Act will finally close regulatory loopholes and change the rules that have only served the billionaire class while wreaking havoc in our communities.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

So this private equity company takes over this successful, profitable, I think you said 58-year-old company, saying they were going to make it more profitable.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

private equity has worked out a business model that helps them get rich at the expense of workers

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

One of the things that we often hear about from the private equity industry is that it is not in their interest to drive companies into bankruptcy.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

It's bad for seniors and their families when private equity firms buy up nursing homes and other health care providers.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

My Stop Wall Street Looting Act would require private equity funds to clearly disclose their fees and returns.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

I appreciate the academic perspective that is going on, and I very much appreciate the Treasurer joining us and telling us what it is like as an investor.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

America faces a retirement crisis, but the solution is not to squeeze employees more or to cut retail jobs and wages.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

It's bad for communities when private equity firms buy up thousands of manufactured homes or the land they sit on.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Oct 19, 2021

It is bad for students when private equity firms buy up for-profit colleges.

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