Then this week she and other progressive Democrats sent letters to private equity firms invested in prison services, demanding information about stakes, revenue and whether facilities have been investigated for violating laws.
“For far too long, the private equity industry -- with its armies of lobbyists and lawyers -- has rigged the rules in Washington, allowing private investment firms to line their pockets by sucking the value out of American businesses and leaving employees, pensioners, and communities behind,” the Massachusetts Democrat said. “This legalized looting is costing our economy, and it’s time we put an end to it.”
--With assistance from Robert Schmidt and Austin Weinstein.
This article was provided by Bloomberg News.