Lauren Steiner
@laurensteiner·4.8K subscribers·471 videos
The Sears Bankruptcy was Caused by Vulture Capitalism
Posted
October 20, 2018
Views
1,192
Likes
64
Comments
31
Engagement
7.97%
October 20, 2018
1,192
64
31
7.97%
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45:52Now PlayingIn this interview, I talk with David Dayen, an idependent journalist who wrote about how the Sears bankruptcy and many other retail bankruptcies, including Toys R' Us, were not evitable but caused by private equity and hedge fund managers loading up the companies with debt and bleeding them dry. Eddie Lampert, CEO of Sears, was especially egregious, as he profited every step of the way while almost 200,000 people lost their jobs. We also discuss David's path to journalism and how journalism might be funded going forward.
Dave's article.
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