We know how the LBO predators work on corporations. Old-fashioned protection racket. They barrage the company with lawsuits and obstacles and “accidents” and low-priced competition until the company finally gives in and sells cheap. We’ve seen the same thing with the “global warming” racket, which gives insurers a “protective” reason to cancel coverage, again driving people into the waiting claws of Bain and Blackrock.
This article by the Hollywood reporters of Ankler notes a similar phenomenon in Malibu. Each new “global warming” fire, really caused by “coincidental” failures in forest management and firefighting, drives out the old residents. Not necessarily because their house burns but because they can’t afford the insurance and want to get the hell out before the worst happens. As the old residents move out, the Tech Tyrants buy cheap.
LBO formerly meant Leveraged Buyout. Now it means Leveraged Burnout.
Polistra's Mill 