Best Defense of Private Equity To Date….Reveals More ‘Serial Hypocrisy’ of Gingrich

This is an absolute must listen to.  Paul Levy give perhaps the best defense I’ve heard to date, since Gingrich initiated the attacks on Private Equity, from anyone interviewed by the media thus far.  I know there are more people like this that can defend Bain and Romney’s record while CEO of Bain Capital.  Levy talks about the integrity of Bain as well as how they paid Newt $40,000 to speak, in which he gave a passionate speech in favor of Private Equity.  But as we’ve posted on here before, Newt was once for Romney’s job record at Bain before he was against it.

Jan. 18 (Bloomberg) — Paul Levy, managing partner at JLL Partners Inc., talks about JLL’s $40,000 payment to Newt Gingrich for a speech that “praised” private equity at a JLL annual meeting two years ago and the image problem facing the private equity industry. Levy speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)


Tags: Bain, Gingrich, , Private Equity

Author:Spencer Iacono

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