| | *buys up homes, fails to do necessary repairs, and then evicts residents to such a severe degree that tenants are unionizing to fight back;<ref>https://www.vice.com/en/article/jg5pek/people-are-organizing-to-fight-the-private-equity-firms-who-own-their-homes#:~:text=understaffing%2C%20all%20in-,an,-effort%20to%20make</ref> and | | *buys up homes, fails to do necessary repairs, and then evicts residents to such a severe degree that tenants are unionizing to fight back;<ref>https://www.vice.com/en/article/jg5pek/people-are-organizing-to-fight-the-private-equity-firms-who-own-their-homes#:~:text=understaffing%2C%20all%20in-,an,-effort%20to%20make</ref> and |
| | *lacks transparency and accountability, while likely expecting to be bailed out by the [[Federal Reserve Bank]] on big bets that go bad | | *lacks transparency and accountability, while likely expecting to be bailed out by the [[Federal Reserve Bank]] on big bets that go bad |
| | In ''Plunder: Private Equity's Plan to Pillage America'' (2023), Brendan Ballou explains that private equity has caused massive job losses, increased prices, and reduced quality as it purchases "retailers, medical practices, prison services, nursing-home chains, and mobile-home parks, among other businesses, using little of their own money to do it and avoiding debt and liability for their actions. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt, or shells of their former selves, with consequences to communities that long depended on them."<ref>[https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/?lens=publicaffairs Summary of book]</ref> | | In ''Plunder: Private Equity's Plan to Pillage America'' (2023), Brendan Ballou explains that private equity has caused massive job losses, increased prices, and reduced quality as it purchases "retailers, medical practices, prison services, nursing-home chains, and mobile-home parks, among other businesses, using little of their own money to do it and avoiding debt and liability for their actions. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt, or shells of their former selves, with consequences to communities that long depended on them."<ref>[https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/?lens=publicaffairs Summary of book]</ref> |