Subnostr

94.5% of the #PaycheckProtectionProgram - designed to help small businesses keep their workers payrolled during lockdown - went to giant businesses, fraudulently siphoned off by companies like Longview Power, 40% owned by KKR:

https://pluralistic.net/2020/04/20/great-danes/#ppp

KKR also helped engineer a loophole in the Trump tax cuts, convincing #JustinMuzinich to carve out taxes for #CCorporations, which let KKR save *billions* in taxes:

https://pluralistic.net/2020/06/02/broken-windows/#Justin-Muzinich

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Cory Doctorow 2y ago

KKR sinks its fangs in every part of the economy, thanks to the vast fortunes it amassed from its investors, ripped off from its customers, and fraudulently obtained from the public purse. After the pandemic, KKR scooped up hundreds of companies at firesale prices:

https://pluralistic.net/2020/03/30/medtronic-stole-your-ventilator/#blackstone-kkr

Ironically, the investors in KKR funds are also its victims - especially giant public pension funds, whom KKR has systematically defrauded for years:

https://pluralistic.net/2020/07/22/stimpank/#kentucky

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Cory Doctorow 2y ago

And now KKR has come for Simon & Schuster. The buyout was trumpeted to the press as a done deal, but it's far from a *fait accompli*. Before the deal can close, the #FTC will have to bless it. That blessing is far from a foregone conclusion. KKR also owns #Overdrive, the monopoly supplier of e-lending software to libraries.

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