More on Trumka and Private Equity

http://www.futureofcapitalism.com/2010/04/more-on-trumka-and-private-equity

In response to the earlier post about AFL-CIO president Richard Trumka's Wall Street Journal op-ed calling for more regulation of private equity, a FutureOfCapitalism.com reader writes to note the asymmetry of Mr. Trumka's argument that one of the reasons more regulation is required is that some companies have gone bankrupt and investors have lost money. In many companies investors lose money, but you hardly ever hear that the employees who got paid (other than bankers or AIG traders) should somehow be regulated, give back money they were paid or subject themselves to regulation because they "profited" off the investors who lost their money.

Somehow the framework of investors free to invest and individuals free to work or quit has gotten lost over the years.

by Editor  |  Apr 13, 2010 at 3:55 pm Related Topics:  AIG, Banking, Capital Markets Regulation, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list