Warren Takes Aim at Private-Equity Funds

“Elizabeth Warren is teaming up with a slate of fellow congressional Democrats who are calling for greater federal regulation of private-equity firms, which the presidential candidate likened to ‘vampires’ in a policy proposal that would alter the way the funds acquire other companies,” the Wall Street Journal reports.

“Ms. Warren, a senator from Massachusetts, unveiled legislation Thursday that would require private-equity funds to assume responsibility for the liabilities of companies under their control—including debt and pension-related obligations.”

CNN: “The proposal is red meat for the Democratic party’s liberal base, which has zeroed in on Wall Street speculation as a root cause of growing economic inequality. Backlash from the financial industry would be an added bonus for Warren’s campaign.”