Last week, I wrote that it's time America has an honest debate about private equity, before deciding if one of its most successful investors should become our next president. At the end, I asked readers to answer three questions via email (although some folks took to the comments section). They were:
1. What is the ideal objective of private equity in the American economy?
2. How is private equity designed to meet that objective?
3. Please give specific examples of both how it has lived up to and failed to meet that objective.
Here are the replies.
Newt GingrichGingrich earned hundreds of thousands of dollars from private equity.
|GM's recalled Cobalt was a failure from the start|
|Michaels hack hit 3 million|
|Walmart offers cheaper money wire service|
|Why you should pay off your car loan ASAP|
|Americans have fallen in love with real estate once again|