Presidential candidate Elizabeth Warren likens private-equity funds to 'vampires' who are 'looting' the middle class
WASHINGTON—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.
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.
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