http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=1&hp
A disproportionate number of the companies that were acquired during that frenzy are now struggling with the enormous debts. More than half the roughly 220 companies that have defaulted on their debt in some form this year were either owned at one time or are still controlled by private equity firms, according to analysts at Standard & Poor’s.
Me: This is institutionalized looting, and make no mistake, by bailing the banks out we, as a society, have sanctioned this behavior and allowed it to continue.
Shitty.
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