Private equity wrecked my job. Democrats must stand up to Wall Street. - Business Insider

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Opinion | My job of 14 years was destroyed by a private equity company. It's time for Democrats to actually stand up to Wall Street.

I was one of thousands of Shopko employees who faced the wrath of Wall Street flippancy.

We already know what four more years of a Trump presidency and Republican agenda will mean: more deregulation and tax breaks for the wealthy, which only make it harder for working families like mine to put food on the table. As the New York Times revealed , wealthy investors like Carl Icahn are exploiting the coronavirus crisis to literally make money off of the demise of people's jobs and livelihoods. They're calling it the "Instead of betting on the housing crash, as they did in 2008, Wall Street executives are betting on the demise of malls.

However, Democrats must go beyond lip service, and offer real solutions and policies that will rein in Wall Street. Unfortunately, that was all but missing in last month's convention. , Wall Street was mentioned just four times — including once in the table of contents. There is not a single mention of the pain that private equity firms inflict on our communities, as Sun Capital did with Shopko in Wisconsin, or a plan to relieve that pain and rein these firms in.

 

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private equity firms are bloodsuckers run by psychopaths !

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