AmericaSpeaks TheVoiceOfJoyce Private Equities destroys the profitable Corporations they buy by taking on debt and making the original Corporation pay for that debt. The investors get to keep the cash. It’s a win for the buyout firm and a lose lose for Society. The original customers and the employees will be left with nothing. There ought to be a Law prohibiting these entities from destroying good businesses and neighborhoods. Equity is also setting their sights on McClatchy newspapers? Shame. Fairways was well recognized in NYC and patronized. They will be missed!

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