User:Oceanflynn/sandbox/Private equity and public works

Private equity and public works

[P]rivate equity firms are increasingly taking over services usually reserved for the government... These roads, bridges and highways are increasingly maintained by Wall Street investors. They either own the road, or manage it on the government’s behalf...Wall Street firms can also be found in your parking garage, where they collect your cash"

Fortress Investment Group
"Private equity firms have used sophisticated but indirect political maneuvering with state and local entities to smooth the way for growth and revenue."

""A big private equity firm, Fortress Investment Group, is building a line in Florida that promises to get people from Miami to Orlando faster. The line plans to run 32 trains a day, making four stops altogether.""

- New York Times December 24, 2016

In Phoenix, Arizona, Kelsey Lundy, a lobbyist for Fortress Investment Group, one of the United States’s largest lenders, and one of Wall Street's one of Wall Street’s most powerful private equity firms, presented the new legislation which detailed the higher costs including a 36% interest charge. A few months later Arizona's state’s legislators passed the law.