Should private equity-backed pizza chain Sbarro get a federal bailout? That was the question on Stephen Colbert’s mind last night, given that the company’s debt was recently downgraded amid concerns that it could not honor certain loan covenants.
You might think the answer is an obvious “no,” given that Sbarro owner MidOcean Partners could pony up the dough if it finds Sbarro worthy enough, but Colbert notes that the “mall staple” has something extra going for it:
“Everyone knows the finest cheese is aged, and no cheese slice sits out longer than the ones at Sbarro.”
So where does Colbert come down on a bailout for Sbarro? Or how about Abry Partners-backed Muzak? Check out the video below: