[HN Gopher] Private equity turned vulnerable elderly people into...
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       Private equity turned vulnerable elderly people into human ATMs
        
       Author : mordechai9000
       Score  : 37 points
       Date   : 2026-03-28 21:43 UTC (1 hours ago)
        
 (HTM) web link (www.theguardian.com)
 (TXT) w3m dump (www.theguardian.com)
        
       | calvinmorrison wrote:
       | Private equity didn't. People did. We really need to get rid of
       | limited liability and corporate fictions.
        
         | giwook wrote:
         | The intentions may be good but that's unlikely to happen in our
         | lifetime.
         | 
         | What might be a more feasible solution?
        
           | daveguy wrote:
           | Get private equity out of healthcare.
        
           | lokar wrote:
           | Don't require states to uniformly respect limited liability
           | granted in other states. Allow them to add limits,
           | requirements, etc. let the different states explore the trade
           | off.
        
             | Esophagus4 wrote:
             | Oof, talk about making compliance immensely difficult and
             | expensive if a company has 50 different sets of regulations
             | to comply with to do business in the US.
        
           | jareklupinski wrote:
           | multi-generational households
        
           | mmooss wrote:
           | It could happen this year; legislatures just need to pass
           | laws. The hardest part is people posting comments like yours
           | as a diversion from doing real work (though there are other
           | hard parts too).
        
       | toast0 wrote:
       | A human ATM is just a teller.
        
         | layer8 wrote:
         | A teller would be paid for doing the job.
        
       | thrill wrote:
       | It isn't the fault of private equity that banks make excessive
       | loans against assets in a leveraged buyout. Banks (such as per
       | the article, The Royal Bank of Scotland) have a duty to ensure
       | that their loans are of properly assessed risk, and if the PE
       | firm that wants to or has bought an asset does not look qualified
       | to run it, then the banks should not be making the loans.
       | Articles that keep casually dropping triggers like "[t]hey rubbed
       | their hands together and said, 'Sooner or later, as the demand
       | increases, the prices must go up'" are not seeking workable
       | solutions but capitalizing on their ability to raise ire. It's
       | much more yet another article that does its best to paint a
       | profit motive as an evil, completely ignoring that any endeavor
       | that is not profitable is going to die sooner rather than later,
       | and when it's a government run endeavor then the taxpayers, who
       | were completely uninvolved in the deicsions of where their money
       | should be spent, are the ones left on the hook - HTF is that
       | better?
        
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       (page generated 2026-03-28 23:00 UTC)