20389 Article(s) by: Abigail Torre

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Abigail Torre grew up in Chile and now lives in Berkeley, California where she is cochair of the East Bay chapter of Democratic Socialists of America.

Private Equity and Hedge Funds Survived the 2008 Crisis. Now They’re Making a Killing Off COVID-19.

The COVID-19 crisis has been a case study in the destructiveness of predatory financial institutions like private equity and hedge funds. From private-equity-owned hospitals that cut staff to the bone to the growing investor interest in disaster-driven industries like insurance, the pandemic has been a gold mine for some of the finance industry’s most rapacious and socially useless segments.