Some highlights (lowlights?) of the interview: > the model is that often businesses that service working-class people are attractive because poorer customers d

Some highlights (lowlights?) of the interview: > the model is that often businesses that service working-class people are attractive because poorer customers don’t have alternatives, so you can raise prices, you can cut quality care > Private equity firms have donated something like $900 million since 1990 to federal candidates. They have a bench of employees that include former cabinet members, secretaries of state, treasury, defense, chairman of the FCC, SEC. > it’s almost impossible for a private equity firm to be held legally responsible under common law veil-piercing arguments > They executed a sale-leaseback, which means they sold the underlying assets of the nursing home chain and had the chain lease it back for a quick hit of money, but now they’ve got a long-term obligation. They executed what’s called a dividend recapitalization, so ManorCare had to borrow money to pay Carlyle and the other investors a profit.