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Not much going to the middle class. An interview before his speech, Mr. Kasich said, you are a person that thinks you ought to pound the rich into submission, I guess you won like the plan. Buyouts will be less frequent. And many private equity firms will intervene more closely in the companies in their portfolio (of which, more later). An unappealing option for most firms, in light of tougher access to capital during the squeeze, is relinquishing the capital already on the books: less than one third of respondents are prepared to return money to investors in the present environment.

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