Elizabeth Warren actually said...

"Private equity relies on a business model that pays managers to go after short-term profits, charging huge fees even as they destroy the long-term prospects of the businesses they buy."

"I don't want to eliminate private equity. But I do want to fix it."

"This is wrong. Our tax system should not be creating incentives for bad business practices, and private equity firms should not be able to extract huge dividends while failing to fund employee pension..."

"I am here to testify in support of Senator Warren's Stop Wall Street Looting Act, because Congress needs to take action now."