"Private equity" barons -- whose business amounts to looting companies and communities -- want the Trump regime and Congress to let them loot Americans' 401k retirement accounts.

[dangillmor@mastodon.social]

"Private equity" barons -- whose business amounts to looting companies and communities -- want the Trump regime and Congress to let them loot Americans' 401k retirement accounts. This is incredibly dangerous and will probably happen.

Private equity to lobby Donald Trump for access to savers’ retirement funds

Industry hopes incoming administration will open long-restricted private investments to individual investors

(www.ft.com)

[octade@soc.octade.net]

It has been happening for at least the past 5 years. I have talked to several people whose retirements were looted.