'Vulture Capitalism'? How Private Equity Firms Work

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Guests

Marilyn Geewax, senior business editor, NPR
Steven Davis, professor, University of Chicago Booth School of Business
Eileen Appelbaum, senior economist, Center for Economic and Policy Research

GOP candidates have attacked Mitt Romney as a "vulture capitalist" who destroyed jobs. The charges center on his 15 years at the private equity firm Bain Capital. But what are private equity firms, and what do they do?

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