“And you as a private equity firm are not responsible for…” — Decoder with Nilay Patel at 52:49
“And you as a private equity firm are not responsible for paying the money back. Only the portfolio company itself is. And so what ends up happening is you bury your own portfolio company under this mountain of debt. And one component of her bill is you can't do that anymore. You have to have skin in the game. And…”
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51:44