PRIVATE EQUITY FIRMS — PEFS — ANYTHING BUT PRIVATE

ACME Inc.
situated in Gullibility
is being mismanaged
sales
are tanking
profits
are dipping and
the future is bleak
ACME managers
see
an opportunity
an opportunity
to cash out

ACME Inc.
in trouble
no way
ACME
is sitting on
gazillions of assets
assets
worth more than
thrice
the stock price of ACME Inc.
PEFS see an opportunity

PEF Gluttoni
buys ACME Inc.
on the dirt cheap
pays one cent for
one dollar of
stated ACME value
current ACME managers
enjoy
a windfall of riches
what a heist of public property!

PEF Gluttoni
sells off
the valuable assets of ACME
PEF Gluttoni
pockets
the profits
defaults
on the bank loan
used
in financing the deal
remember
loans are deposits
by the public
including employees of ACME Inc.

PEF Gluttoni
puts
ACME into bankruptcy
bankruptcy
borne by the public
ACME employees
are rusticated
ACME
stops paying taxes
Gullibility’s economy tanks
Bank of Gullibility
deposits are threatened

ACME Inc.
fails
Bank of Gullibility
fails
Gluttoni
pockets
all valuable assets of ACME
the public
bails
the bank of Gullibility
safeguarding
the bank shareholders
the public
does not bail
ACME employees nor
bail the town of Gullibility

ACME employees:
some
die
some
become depressed
some
become homeless
some
become gunmen
crime
expands in Gullibility
PEF Gluttoni
used public money
for PRIVATE gain and
left PUBLIC problems

Is this Capitalism or Criminality — Criminality.