The New Shadow Banks: Private Equity Becomes Private Credit
Private equity funds have launched a host of private credit fund to let them borrow more than banks are allowed to provide. What could go wrong?
Read more...Author Archives: Yves Smith
A Clinton Presidency Has Been/Would Be a Disaster for Black and Brown Communities. Here’s Why.
Hillary Clinton supported policies that devastated black communities, as well as using racist code words to attract Southern whites.
Read more...35% Of Public Oil Companies Could Face Bankruptcy
Bankruptcy looms for many exploration and development companies, particularly US shale players.
Read more...Eric Garland: Seven Lessons from How Private Equity Wrecked Guitar Center
The Guitar Center fiasco as a case study in how not to run a business, and how that indicts private-equity influenced management norms.
Read more...Links 2/24/16
Former Playboy Playmate, Other Finance-Linked Donors, Give Big Bucks to “Sheriff of Wall Street” Eric Schneiderman
How an ex-Playboy Playmate’s donations to Eric Schneiderman illustrate what is wrong with campaign finance in America.
Read more...Robert Reich: Are We Witnessing the Death of America’s Political Establishment?
The elites in America are so cloistered that Robert Reich has to tell them why the natives are restless.
Read more...San Francisco: “Baghdad by the Bay” for People of Color
Racism is alive and well in the San Francisco police force.
Read more...Please Attend or Listen to Bank Whistleblowers United Event This Thursday in DC
Please support Bank Whistleblowers United by participating in their first public event.
Read more...California Treasurer and CalPERS Board Member John Chiang Introduces Private Equity Transparency Bill
California Treasurer John Chiang’s private equity transparency bill has been launched. How does it stack up?
Read more...Links 2/23/16
Bill Black: Krugman Triples Down on His Smear of Friedman and Bernie
Krugman has really lost it.
Read more...Delhi’s Wasteful “Smart City” for Its Elites: Bloomberg’s Parasitical Model for the Future?
Be warned: “Smart city” is the new code word for pampered, resource-hogging enclaves for the elite.
Read more...Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work
Krugman has made maliciously false statements about economics professor Gerald Friedman. Demand that the New York Times issue a correction and that Krugman apologize.
Read more...More Evidence That CalPERS Board (and Staff?) Does Not Understand Finance
Another foot-in-mouth moment at CalPERS, this time by the president of the board, Robert Feckner.
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