šØ THE NEXT 2008 IS HAPPENING NOW šØ Party City. Joannās. Forever 21. Big Lots. ALL COLLAPSING. But this isnāt justā¦
Summary
Private equity firms are using leveraged buyouts with variable-rate debt (CLOs) to extract wealth from profitable companies like Joann's and Party City, replicating the 2008 financial crisis playbook but hiding toxic debt in pension funds instead of mortgages. The author argues closing the carried interest loophole is key to stopping this financial engineering scheme.
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