“With private debt funds, there is no bank involvement and no involvement with any institution subject to regulatory review. No information seeps out of this black hole.” The U.S. Federal Bureau of Investigation warned in ...
The Kentucky Attorney General’s lawsuit not only targets Wall Street’s predatory pension management practices, but singles out Blackstone CEO and top McConnell and Trump donor Steve Schwarzman. In a surprise move on Wednesday, Kentucky Attorney ...
“Neal is one of the most powerful members of Congress, and it’s clear he’s using that power to benefit Wall Street fund managers instead of regular Americans.” (By: Eoin Higgins, Common Dreams) Rep. Richard Neal, ...
“Eviction is a very public experience that impacts the entire community. Your belongings are dumped on the street while your children and neighbors watch. Given the high degree of tension we are already experiencing, I ...
“Private equity firms will now be allowed to access—and skim fees off of—the $9 trillion in 100 million workers’ 401(k) plans and IRAs.” (By: Jake Johnson, Common Dreams) With the American public’s attention consumed by ...
Scalia has rolled back rules that protected workers’ retirement security. This should be seen as a gift to private equity firms, not a favor to workers. (Common Dreams) Private Equity (PE) firms have had their ...
“I think the private equity industry can pull itself up from its trillion dollar bootstraps,” said Rep. Mark Pocan, co-chair of the Congressional Progressive Caucus. (By: Jake Johnson, Common Dreams) Executives and lobbyists from some ...
“There is this tension between being a health care provider and doing what’s best for their care … and being a profit-maximizing firm that aggressively goes after patients.” After private equity firm Blackstone acquired TeamHealth, ...
Deval Patrick “didn’t just make a lot of money; he made a lot of money helping a Republican billionaire rip off the black middle class.” Former Bain Capital managing director and former Massachusetts governor Deval ...
“Under the new paradigm of private equity, poorly maintained ambulance services siphon profit from vulnerable patients.” Wall Street investment firms are behind soaring ambulance costs, according to a Thursday article by the American Prospect’s Olivia ...
“Let’s call this what it is: legalized looting — looting that makes a handful of Wall Street managers very rich while costing thousands of people their jobs…” – Elizabeth Warren on the private equity industry. ...
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