Lone Candle
Champion of Truth
Private equity sometimes takes a loan to buy a company, gives the company the debt of the loan, sells things of value from the company to put in private equity’s pocket, then let the company fail and wash their hands clean of all the debt. This also means a company that may have been able to survive and continue serving customers, is destroyed.
https://www.youtube.com/watch?v=zFb9Cf7nOOw
Private equity often buy businesses, make decisions that quickly make the private equity a lot of money, then leave the businesses worse off. This isn’t how capitalism is supposed to work.
https://www.youtube.com/watch?v=6pzLhWCxH_g
A woman’s rented housing burned down. The landlord wouldn’t let her out of her lease even though the home burned down. No apartments would lease to her because the landlord said she owed them money. She and her children became homeless. Our system allows private equity firms to push people into homelessness in the pursuit of profit.
https://www.youtube.com/watch?v=osFQMTJz1w8
Private equity have purchased nursing homes, sold their assets like their facilities, then leased these facilities from who they sold them to, they pocket the cash from the sale, buy more properties, then use market power to drive down expenses, then use the profits to get the nursing homes to take a loan and pocket that cash, the nursing home is strained by all these burdens, but who cares when private equity already made money. Such activity may have caused 20,000 premature deaths over 12 years as service quality is cut.
https://www.youtube.com/watch?v=c5Kdv1t0NsE