352. The Crackdown on Private Equity feat. Brendan Ballou

Video Description

Nowadays, if someone wants to make a lot of money in finance, they don’t go and work for investment banks. The real money to be made is at private equity firms. With most of these firms controlling a huge percentage of the country’s overall GDP and doing so largely unchecked, is it time to take a hard look at the systems that protect and allow these actors to flourish?? Brendan Ballou is special counsel for the U.S. Department of Justice’s Antitrust Division. His book, Plunder: Private Equity's Plan to Pillage America, takes a hard look at the way private equity firms operate and the laws they exploit. He and Greg discuss what sets private equity firms apart from other financial institutions in America, the ways private equity firms avoid liability when things go wrong, and what reforms are needed to the systems that essentially allowed private equity to become the beast that it is today. *unSILOed Podcast is produced by University FM.*