Private equity companies are worried about regulations on insane levels of leverage, so they are lobbying organizations that don’t even regulate them:

The private equity industry’s lobbying group met officials from the Office of the Comptroller of the Currency and the Federal Reserve last week to address concerns over a crackdown on junk-rated loans, people familiar with the matter said on Monday.

The private meeting – the first between the Private Equity Growth Capital Council (PEGCC) and the U.S. regulators over the issue – underscores many buyout firms’ reliance on leveraged loans for outsized returns in their debt-fueled acquisitions of companies.

It also highlights the willingness of the OCC and the Fed to engage with parties they do not regulate. Private equity firms are typically regulated by the U.S. Securities and Exchange Commission.

Seriously. What has got them worried? Has the SEC, the Stay Puft Marshmallow Man, been too hard on them?

I get it. You are pillaging barbarians, and your weapon is other people’s money.

You need insane levels of leverage so that you can make your money by shutting down factories, moving production overseas, charging excessive fees to “manage” your acquisitions, etc.

Clearly, you need assurances that no one will ever prevent you from doing this, because anything that might get in the way of your f%$#ing the rest of us would be an affront to  the gods of the market.

Not enough bullets.