American Corrupitalism

American Corrupitalism: An economic system mixing free-market capitalism with insider corruption that excels at transferring wealth to the upper-class oligarchs.

Griftrix: The implosion of a $16.5 billion Citrix Systems debt deal reveals how private equity firms always manage to wriggle out of trouble.

But the saga of Citrix is such a paradigmatic example, a veritable walking tour of innovations in juicing returns and avoiding losses, that it should set off alarm bells. Prosecutors (or failing that, the House Oversight Committee?) should probably start sending around subpoenas to the battalion of PE firms, bankers, and executives involved in it, before another American worker is forced to sacrifice his or her job to pay the bonuses of whoever in the world agreed to lend $15.5 billion to a company that ran out of cash before it could make a single payment.

And from the same link 

Private equity has always been a game of getting your money out of a company early and often enough that you can still turn a profit if the whole thing winds up in bankruptcy court. (The aforementioned David Sambur memorably referred to this as the “cake and eat it too” method during the collapse of the Caesars casino empire.)