Tag: Private Equity

Informed Comment

Private Equity are Dishonest
Informed Comment

How Private Equity Is Destroying the Labors of Love | The Smirking Chimp

When I published my first book decades ago, the purpose of most publishing houses was to publish books. Publishers made money in order to publish books. They earned enough on their big bestsellers to take chances on unknown authors like me and put out books that delighted small numbers of enthusiastic readers but never showed a profit.

Source: How Private Equity Is Destroying the Labors of Love | The Smirking Chimp

Debt

How Private Equity Amplifies the Abuse of Predatory Lending – CounterPunch.org

Predatory lending is an easily overlooked business that has damaged communities of color and poorer people for decades. It traps borrowers in never-ending cycles of debt with high-interest loans on coercive terms. But when Wall Street private equity gets in on the predatory lending industry, it amplifies the magnitude of financial exploitation.

Source: How Private Equity Amplifies the Abuse of Predatory Lending – CounterPunch.org