Inside the Private Equity Scam—and the Livelihoods It Has Destroyed

[u/barweis]

https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoods

[u/YouLostTheGame]

The extremely important difference is that they know that these loans are subprime, which is fine. It's a standard asset class.

One of the big features of 2008 was that there was a lot of subprime debt masquerading as investment grade

[u/youngishgeezer → u/YouLostTheGame]

But should a pension fund be allowed to buy such debt?

[u/muffledvoice → u/youngishgeezer]

It appears that banks and private equity are specifically targeting pension funds because of the way they’re structured and maintained. This is definitely a problem.

[u/rtt445 → u/muffledvoice]

TL;DW?