Friday, 7 December 2007

War on Greed

Do we have anything like this in Australia?
This would seem to go against the Australian way of life but we should beware that we don't follow the US. 

by Adam Doster, In These Times
Private equity funds are complicated entities. Essentially, they are unregulated pools of private capital raised and controlled by investment managers, otherwise known as "general partners." Typically, managers buy up undervalued companies, de-list them from public exchanges... Read on.

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