Economics
Elizabeth Warren Declares War on Private Equity ‘Vampires’ in 2020 Plan
- Democratic candidate says she’ll combat Wall Street ’looting’
- New proposal ends carried interest tax break for fund managers
This article is for subscribers only.
Elizabeth Warren unveiled a policy proposal Thursday to impose new rules on private equity and “useless speculation” on Wall Street while rolling back President Donald Trump’s deregulation of the financial industry.
A centerpiece of her “economic patriotism” plan is to transform private equity firms, which she said often act like “vampires” when they buy companies by “bleeding the company dry and walking away enriched even as the company succumbs.”