Everything they did was to profit them and to hurt the people, and they did not care.

This is looting.

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

teachers and firefighters are being asked to take money out of their retirements to pad the pockets of private equity billionaires, and they are not even getting the above-average market returns that they thought that they were paying for.

It's bad for workers and consumers when local retailers or even large chains are bought out by private equity firms.

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

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.

More than $150 billion a year is lost by these top earners. And that is exactly why Congress is considering a simple new third-party reporting requirement.

This is a standard play out of the private equity book.

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

I would also like to submit a statement for the record from my friend, Senator Baldwin, who has been a fighter for the workers and the communities of Wisconsin.