Stocks of private equity companies, most notably Blackstone, are tanking.
Of course the magic of leverage is that a little bit of up front capital can be turned into massive profits. But on the way down, it means very little margin for error if the companies you snatch up start hemorrhaging value.
SEIU has been attempting to shine the light of accountability on Blackstone, which is one the nation's largest employers.
Chris Hayes
Stocks of private equity companies, most notably Blackstone, are tanking.
Of course the magic of leverage is that a little bit of up front capital can be turned into massive profits. But on the way down, it means very little margin for error if the companies you snatch up start hemorrhaging value.
SEIU has been attempting to shine the light of accountability on Blackstone, which is one the nation’s largest employers.
Chris HayesTwitterChris Hayes is the Editor-at-Large of The Nation and host of “All In with Chris Hayes” on MSNBC.