Private equity firms including Apollo lobbied Congress to allow their portfolio companies with fewer than 500 employees to access the Paycheck Protection Program (PPP) despite having loaded them with excessive debt through leveraged buyouts, which is fraudulent misrepresentation of these companies as 'small businesses' eligible for the program.
factualpending
Speaker
DanielleEvidence Quote
“they have the gall to lobby Congress and say our companies in sight of our portfolios have fewer than 500 employees by the way look the other way we've loaded them up with debt to their eyeballs [12:29]”
Source
Danielle DiMartino Booth: "Recession Coming? The Fed’s Endgame" (Hedgeye Investing Summit)— HedgeyeCreated: 8/11/2026, 12:48:35 AM
My Notes
Loading notes...