Mastodon Feed
pluralistic@mamot.fr ("Cory Doctorow") wrote:
Their favorite scam, the "leveraged buyout" is a mafia bustout dressed up in respectable clothes, and if you mourn a beloved, failed business, chances are that an LBO was the murder weapon, and PE was the killer:
https://pluralistic.net/2024/05/23/spineless/#invertebrates
(Despite simplistic explanations and bad-faith apologestics, a leveraged buyout is *nothing* like a mortgage - it is a sinister, complex, destructive form of financial fraud:)
https://pluralistic.net/2024/08/05/rugged-individuals/#misleading-by-analogy
2/