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The wonders of private equity funding

bealtine · 2008-11-20 09:59:26

http://www.independent.ie/business/irish/shareholders-want-in-on-bank-rescue-1546192.html Quote: "Questions were also raised in political and financial circles yesterday about how the State's interests could be aligned with the short-term focus of private equity. "We could end up with another Eircom, where highly-leveraged…

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20-11-2008 10:59am

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bealtine

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http://www.independent.ie/business/irish/shareholders-want-in-on-bank-rescue-1546192.html

Quote:
"Questions were also raised in political and financial circles yesterday about how the State's interests could be aligned with the short-term focus of private equity. "We could end up with another Eircom, where highly-leveraged investors are only interested in their own returns. Look at where the lack of investment has left broadband coverage in this country," said Joan Burton, the Labour Party's finance spokesperson. "

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