PRIVATE EQUITY HOLOCAUST

NEWSWEEK-- In July the chairman and cofounder of the Blackstone Group, one of the world’s largest private-equity firms, amped up the rhetoric. Stephen Schwarzman—the leading John McCain supporter in a firm that, in 2008, gave more money to Obama—was addressing board members of a nonprofit organization when he let loose. “It’s a war,” Schwarzman said of the struggle with the administration over increasing taxes on private-equity firms. “It’s like when Hitler invaded Poland in 1939.”


WB7: One thing is certain...The United States maintains a towering global lead in the business of manufacturing financier douche bags and assholes.