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Story summary
- U.S. President Donald Trump pushed private-equity firms to broaden investor access.
- Steve Schwarzman gave Republicans $40 million in 2024.
- A Wall Street Journal Harris poll found 59 percent would invest in private firms over $100 million.
- The author labeled Trump’s policy “lemon deregulation,” warning it could expose ordinary investors to unacceptable losses.
- Many Republican candidates now portray private-equity as a political bogeyman for Trump.
