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182 points tencentshill | 2 comments | | HN request time: 0s | source
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N_Lens ◴[] No.45065170[source]
Private equity is a massive juicer that’ll try and squeeze money out of anything, destroying all the inherent value in the process.
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grues-dinner ◴[] No.45065427[source]
> destroying all the inherent value

Not all is destroyed. Some of the value is diverted to PE wallets. Setting 900k of someone else's value on fire in order to set up a updraft to push 100k into your pocket is a sweet, profitable deal for you.

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1. chasing ◴[] No.45065933[source]
I feel like this is the theme of our entire country at the moment: Many powerful people seem willing to torch stuff worth billions of dollars to the country as a whole in order to squeeze out a few million for themselves.

If we had a functioning regulatory environment... Haha. Nevermind. We vote for our leaders based on how loudly they promise to hurt trans kids.

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2. ethanwillis ◴[] No.45069796[source]
To be fair the current leaders like to hurt ALL kids!