Bag Holder Report

You’re holding the bag. I’m showing you who handed it to you.

[Bag Holder Report @BagHolderReport]

Private equity is quietly buying up restaurants, hospitals, housing, and even youth hockey leagues across America. Most people have no idea how the money actually works. Here’s how PE firms make millions while everything they touch gets worse. A thread.

[Bag Holder Report @BagHolderReport]

This isn’t left or right. Politicians on both sides have promised to close the loopholes that reward this behavior. None have. The lobbying money makes sure of that. The system rewards extraction over building, and the people who pay the price are workers, customers, and communities who never had a seat at the table. If you made it this far, follow for a new system breakdown like this every week.

[Bag Holder Report @BagHolderReport]

Private equity is quietly buying up restaurants, hospitals, housing, and even youth hockey leagues across America. Most people have no idea how the money actually works. Here’s how PE firms make millions while everything they touch gets worse. A thread.

[Bag Holder Report @BagHolderReport]

Jimmy Johns. Subway. Panera. Joann Fabrics. Claire’s. Hospitals where ERs get closed because they’re low margin. Veterinary clinics. Dental offices. Nursing homes. Youth hockey rinks where parents can’t even record their own kids’ games. If something you used to love suddenly got worse and more expensive, there’s a good chance PE is involved.

[Bag Holder Report @BagHolderReport]

@JustinDowe @TheICHpodcast MVNOs exist because the big three priced themselves so high that an entire secondary market emerged just to offer something affordable. They’re all leasing access to the same three networks. That’s not competition. That’s a workaround for a market that doesn’t have any.

[Bag Holder Report @BagHolderReport]

$150 a night for a box the size of a bed. The city pays whether anyone is in it or not, the money goes to an NGO with no accountability, and the neighborhood gets drug dealers and dead bodies. Someone is getting very rich off homelessness and it’s not the homeless. This isn’t a housing program. It’s a billing scheme with a humanitarian label on it.

[Bag Holder Report @BagHolderReport]

@Unite_80 @WallStreetApes You’re paying per pound for beef. The pad isn’t packaging, it’s dead weight being sold to you at $7/lb. Nobody is weighing the box when you buy a wallet.

[Bag Holder Report @BagHolderReport]

@oDIRECTORo @MatrixMysteries Thank you! Planning to do a deep dive thread on a different topic each week. Stick around.

[Bag Holder Report @BagHolderReport]

That’s exactly right and PE firms are better at this than anyone. They inherit a brand with decades of loyalty built in and then systematically test how far they can push prices and cut quality before customers leave. The math works because most people don’t leave. They just grumble and pay. By the time enough customers finally walk away the firm has already extracted what they came for and moved on. The loyalty isn’t a relationship to them. It’s a balance sheet asset they’re drawing down.

[Bag Holder Report @BagHolderReport]

US life expectancy flatlined for a decade, collapsed during COVID, and only just hit 79 in 2024. We still rank behind dozens of countries that spend half what we do on healthcare. But hey, enjoy your daily intake of industrial phosphate. Somebody’s gotta keep General Mills’ margins up.