Kraft Heinz cut expenses too deeply under private equity management, its new CEO says

[BumRushDaShow]

42. It needs to be regulated

THAT has been the whole problem.

You saw similar with the mortgage crises that triggered the "Great Recession" and all the bullshit junk bonds and people selling "bundles of pieces of mortgages".

It's smoke and mirrors.

"Providing capital" to spur business is something that the stock market already does, but there are regulations there (although efforts continue to tighten that up to limit or stop the "stock buybacks", particularly when the government swoops in to rescue failed business models).

I watched my own hometown newspaper - the Philadelphia Inquirer - get gutted and eviscerated by shady "Private Equities" and although it is alive today, it's only barely (like far too many other newspapers) after a series of sales that made up a sordid fiasco (and one of my BILs lost his job and had his pension screwed around with, during the phases of that after 20 years working there) -

https://www.pewresearch.org/journalism/2006/05/24/philadelphia-story/
https://www.inquirer.com/philly/business/20100428_Bidding_finally_begins_to_Inquirer__Daily_News_and_Philly_com.html
https://whyy.org/articles/delaware-judge-hears-philly-newspaper-union-plan-to-buy-inquirer-and-daily-news/
https://www.inquirer.com/philly/business/20160112_Lenfest_donates_newspapers__website_to_new_media_institute.html