Why You Should Care About CalPERS’ Staff’s and Board’s Incompetence in Private Equity and What You Can Do About It
Why you need to help CalPERS kick its bad private equity habits.
Read more...Author Archives: Yves Smith
Chris Hedges and Leo Panitch: We are All Greeks Now
Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...Low Unemployment with Falling Capacity Utilization… Not a Good Sign for Fed Liftoff
Why the Fed should delay its long-anticipated “liftoff”.
Read more...Links 9/15/15
Lehman Anniversary: A Reminder That the SEC Needs Someone a Lot Better Than Mary Jo White as Chairman
It is time for Mary Jo White to go.
Read more...Corbynomics 101: A Guide to People’s QE (PQE)
Why the three big charges commonly made against Corbyn’s “People’s Quantitative Easing” or PQE, are all wet.
Read more...John Helmer: MH17 – Dutch Prepare Missile Attack on Moscow
The Dutch Government has decided to launch a missile attack on Moscow in October. By suppressing all evidence obtained from the bodies of victims of the crash of Malaysian Airlines MH17, officials of the Dutch Safety Board and associated Dutch military officers, police and prosecutors are preparing to release a report on the crash with a gaping hole in its veracity.
Read more...Perry Mehrling: What Does Repo Do? And Can We Do Without It?
Repo is the system that failed during the financial crisis, leading the Fed to ride to banks’ rescue. Is repo any safer now?
Read more...Credit Rating Agencies and Brazil: S&P as Neoliberal Enforcer
Mind you, the rating agencies are far from the only neoliberal enforcers as far as emerging economies are concerned. But it is nevertheless instructive to compare an official rationale with data.
Read more...Garrisoning the Globe, How U.S. Military Bases Abroad Undermine National Security and Harm Us All
How military bases cement US power.
Read more...CalPERS Board Members Defend Poor Performance by Staff, Capture by Private Equity
“It’s shocking to see how many of the CalPERS investment committee are utterly ignorant. Aren’t these people supposed to know something? “
Read more...Bill Black: Now the Justice Department Admits They Got it Wrong
By issuing its new memorandum the Justice Department is tacitly admitting that its experiment in refusing to prosecute the senior bankers that led the fraud epidemics that caused our economic crisis failed.
Read more...How CalPERS’ Consultant, Pension Consulting Alliance, Promotes Intellectual Capture by Private Equity
One of the not-well-recognized channels by which private equity orthodoxy, meaning general-partner-favoring party line, is propagated and defended is via private equity consultants. CalPERS’ consultant, Pension Consulting Alliance (PCA), performed this role during the most recent Investment Committee meeting.
Read more...California Readers: Catch on KPFA This Friday at 7:30 AM PDT Discussing CalPERS and CalSTRS (Update: Or Listen to the Stream)
If you are in Northern California, I hope you’ll tune in to KPFA this Friday!
Read more...Nomi Prins: Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets
Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
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