StirredUp
Your local hospital. Your kid's school. Your apartment complex. You might think these are owned by your community but increasingly, they're owned by Wall Street. Private equity firms are quietly buying up essential services across Michigan and across the country. But it's not just your standard flip. They're loading them with debt, cutting costs, and selling them for profit. And by the time they're done, the community is left holding the bag. In this episode, Heather and Jessica sit down with Jim Baker, Founder and Executive Director of the Private Equity Stakeholder Project, to break down exactly how this works. We cover: ➡️What private equity actually is and how the money loop works ➡️Which Michigan industries are already affected — and how to find out if your hospital or apartment is PE-owned ➡️The pension fund paradox: how your retirement savings might be funding the very system squeezing your community ➡️What transparency reforms could actually fix this ➡️And what YOU can do about it today If you live in Michigan — or anywhere in the Midwest — this one hits close to home. 🔗 Read the full PESP report: pestakeholder.org/reports/wall-street-in-the-wolverine-state Private Equity Stakeholder Project: pestakeholder.org Stirred Up Pod is an independent media company committed to systemic accountability and community impact.
70 episoder
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