And if government creates laws simply because it wants to control free economic behavior, then what you have is fascism, and I suppose the people should stop the government.
Dammit, Warren Buffet knows better. This is NOT the only thing PE firms do. Oftentimes they will restructure companies (doing things the companies themselves should have done, but lacked the knowledge or willpower to do so) which allows them to become profitable enough that the PE firm will inject new capital to create new products, improve or expand facilities, etc - or will provide the capital needed to do acquisitions that will make these companies bigger and stronger thus protecting jobs in the long run.
If I thought those promoting these arguments were really this naive, uninformed, or just stupid - I would be worried. But we all know this is “just politics”.
Whatever yuh grave robbing vulture
Seems to me, all the anti free market people wish to let a company that is failing, to fail, and just have the bankruptcy judge fire everyone and that will make them feel better. Then the same people can buy it for less and sell the assets. Results would be the same. Now do not confuse this with the illegal crap that came from tarp. It is not the same thing.