Kennedy Exposes Predatory Private Equity Behavior, Defends Small Business Owners
Statement
Issues: Finance and Banking
“Private equity firms are now doing this all over the country to franchise owners. This has hurt small businesses and the consumer. It’s destroying our communities and allowing Wall Street to vacuum up the wealth from Main Street.
We are losing our democracy and middle class to an emerging and abusive oligarchy. In the coming months, my policy team will roll out an aggressive Wall Street reform package that will call for greater transparency, stronger regulatory oversight, and tougher penalties for market manipulation and criminal behavior.”
Source