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How Did Mitt Romney Get So Obscenely Rich? (VIDEO)

Explaining the “magic" of private equity in eight simple steps.

Robert B. Reich

April 11, 2012

In this video from MoveOn.org, Robert Reich, Professor of Public Policy at the University of California at Berkeley, explains in eight simple steps how private equity partnerships make money. Spoiler alert!—the answer involves cutting costs, jobs and benefits.

Erin Schikowski

Robert B. ReichRobert B. Reich, a former secretary of labor, is the Chancellor’s Professor of Public Policy at the University of California, Berkeley and author of Beyond Outrage.


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