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ancianita

(41,217 posts)

3. Private Equity firms do business by buying off going concerns, then stripping them of assets and selling them off.

Reply to BumRushDaShow (Original post)

Sat Jul 12, 2025, 12:28 PM

Jul 12

I myself wouldn't want my 401K money to come from such predatory business practices. So I agree with Warren, that this so-called expansion of 401K 'opportunity' seems built on less transparent predatory capitalism.

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Luciferous Bengus81

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Highlight:

Elizabeth Warren pushes back on plan to get private equity into 401(k)s [View all] BumRushDaShow Jul 12 OP

Don't think Private Equity is worth risk. But if people voluntarily invest their own money in it, I'm OK. Silent Type Jul 12 #1

it'd be tremendously beneficial for people to be able to disconnect from 401k/IRA middlemen cadoman Jul 12 #2

Private Equity firms do business by buying off going concerns, then stripping them of assets and selling them off. ancianita Jul 12 #3

As long as it is only an option and not forced mdbl Jul 12 #4

I hear you. Fair enough as far as it goes. ancianita Jul 12 #5

I agree. mdbl Jul 12 #6

DON'T be sorry... GiqueCee Jul 12 #8

Next up will be Social Security..... Bengus81 Jul 12 #9

Then it can only be stolen from SS. As SS law is now, no one in the rethug party would dare make any change. ancianita Jul 12 #10

Private Equity... GiqueCee Jul 12 #7