How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains
The magic of private equity isn’t really magic at all. It’s a magic trick—and it’s played on you and me.
By the way, the “other people’s money” that private equity fund managers (as well as other so-called “hedge” fund managers) play with often comes from pension funds that contain the savings of millions of average Americans.
It’s a giant con game, and it continues to this day.
Let's face it, he has no morals nor ethics at all. He's perfectly happy ripping off companies to make lots of money for his stay-at-home wife and to have 3 or 4 houses, the best cars, the best, most expensive education for his kids, and the lowest tax rate on his earnings.