I do not believe there is a more immoral and unethical mainstream industry than private equity.
@robertdownen.bsky.socialMust-read story on how a private equity group cornered the fire truck market, doubling prices, causing massive delays and leaving departments across the county — including Los Angeles — without the resources needed to combat fires.
thebignewsletter.com
Did a Private Equity Fire Truck Roll-Up Worsen the L.A. Fires?
During the LA fires, dozens of fire trucks sat in the boneyard, waiting for repairs the city couldn't afford. Why? A private equity roll-up made replacing and repairing those trucks much pricier.