Detailed text transcripts for TV channel - MSNBC - 20120523:15:40:00
Not. don't private equity-owned firms, they often collapse, they don't always make it, correct? >> if they make enough bad bets, they will collapse. even if you're betting a lot of the bank's money, you're still betting some of your own and if you don't do it right. but whether or not mr. romney has a swiss bank account is separate from whether private equity serves a useful purpose. i don't know that we want to outlaw it. i'm not surprised that most of the deals don't work out, if the other guest is correct, essentially most of the time, they're buying companies that are high risk in some way...
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