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Private equity in president's cross hairs

Published February 5, 2010 at 9:25 AM
Private equity firms would take a serious hit if President Obama's proposal to regulate banks becomes a reality. The president's plan, aimed at limiting risky bank behavior, would ban financial institutions from operating or investing in PE funds, which get roughly 10% of their total investment from banks. Jones Day partner Bob Kennedy says, "PE is not a short-term, high-risk investment class" and shouldn't be lumped in with the reckless lending that triggered the financial crisis. Watch the video below or download it at iTunes. - Suzanne Stevens

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