The private equity industry, which is behind many of the understaffed and underprepared nursing homes through which COVID-19 tore, the surprise medical bills that will greet those lucky enough to make it home, and the evictions sending people out onto the streets amidst a global pandemic, operates through aggressive financial engineering and extracting wealth from target companies, exploiting tax loopholes and pushing tax planning to the breaking point.
Elizabeth Warren: “The private equity industry, which is behind many of the understaffed and underprepared nursing homes through which…”
Editor's note · Context
Warren criticizes the private equity industry for its negative impact during the pandemic.
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