Elizabeth Warren Says Private Equity 'Guts Everything' From Toys R Us, Kmart To Hospitals And Prisons —Then Walks Away 'Pockets Stuffed With Cash'
Yahoo Finance·2026-01-28 01:31
Red Lobster, Sears, Kmart, Payless ShoeSource, Toys R Us. U.S. Sen. Elizabeth Warren (D-MA.) says these aren't just casualties of changing times—they're crime scenes. And the culprits, she says, are private equity firms that "gut everything," walk away rich, and leave working Americans to sweep up the rubble. In a video posted to her Senate website in November titled "Let's Talk About the Economy," Warren outlined what she called the real-life consequences of unchecked private equity takeovers. "A few w ...