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.