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Rep. Steny Hoyer: Clinton Is Correct, Private Equity Is Important

CNBC:" React if you would, to what Bill Clinton said about private equity and Governor Romney."

Rep. Steny Hoyer (D-MD): "I think President Clinton is correct, private equity is a very important aspect of growing our economy. Obviously, there's good practices in private equity, there are bad practices. You criticize bad practices, but not the whole enterprise itself."

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