by Ken MacFadyen, IDD

Taking a cue from their European counterparts, US lawmakers and unions have lined up to take swipes at the private equity industry, charging the buyout space with perpetuating and further intensifying the imbalance between rich and poor.

Democratic Congressman Barney Frank was the latest to pile on, using a hearing on Capitol Hill to reportedly chastise the industry for job cuts at private equity-controlled companies such as...

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