The Economist.
Can you think of an industry more reviled than private equity?
Dislike for the investors unites California Governor Gavin Newsom...
I think it's shameful that we allow private equity firms in Manhattan to become some of the biggest landlords here.
And Senator Elizabeth Warren...
Private equity has sucked the life out of hospitals and nursing homes, putting patients into life or death situations.
With President Donald Trump.
I have signed an executive order banning large institutional investors from buying single-family homes.
It's just not fair to the public.
Private equity investors are more despised than journalists, politicians, even dentists.
But what if I were to try and change your opinion on that?
And put my reputation on the line to tell you that I think they're not all bad.
On this week's Money Talks, I present my love letter to private equity.
You're listening to Money Talks from The Economist,
our weekly podcast on the markets, the economy, and the world of business.
In Washington, DC, I'm Alice Fulwood.
In Singapore, I'm Ethan Wu.
In New York, I'm Mike Bird.
And in today's show: Why private equity gets a bad rap.
Ethan, Mike, hello.