Private Equity
I've noticed that a lot of the auot news in Detroit is talking about private equity. That's a nice way of saying corporate raider. Just FYI
posted by Garble at 9:32 AM
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2 Comments:
so.
So when they say that a 'private equity' company is looking at buying a stake in Chrysler they mean
Wall street bankers want to buy it, chop it into little bits and sell it the pieces. Good for the bankers, lawyers and buyers. Bad for everyone else.
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