Sun Capital Ruling: Private Equity Investors on the Hook for Shuttering Underfunded Pensions
A ruling against private equity general partner Sun Capital delivered a nasty surprise to investors.
Read more...Category Archives: Banana republic
Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...Bill Black: Andrew Ross Sorkin Makes a Hash of Met Life “Too Big to Fail” Decision
Andrew Ross Sorkin yet again misinforms readers, to the benefit of Big Finance.
Read more...The Dirty German Ditty That Got Erdogan So Angry That He Sued
It appears that Erdogan never got the memo: if you are going to be in politics, you need to have a thick skin.
Read more...Who Got Reuters to Pull Article on Sanders’ “Left Hook” TV Ad?
Reuters deep sixed a favorable article about a hard-hitting Sanders ad. The only plausible explanation is pressure from the Clinton campaign.
Read more...Open Thread: Reader Takes on Sanders/Clinton Brooklyn Debate
Seeking reader reactions to last night’s Sanders/Clinton debate.
Read more...Michael Hudson: Pamama – Laundering Haven for War Budgets
Michael Hudson explains the history of Panama as a center to launder earnings for the oil and the gas industries, and the mining industry.
Read more...Five Big Banks Get Bad Grades on Living Wills, No One Gets Clean Pass; Admission That “Too Big to Fail” is Alive and Well
The practical and political consequences of no big banks getting a pass on their living wills.
Read more...Mathew D. Rose: The Remarkable World of Angela Merkel and Her Friends
With friends like Merkel’s, who needs enemies?
Read more...Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance
A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.
Read more...Krugman Kinda, Sorta Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed
Being Paul Krugman means never having to say you’re sorry.
Read more...John Helmer: Brookings Launches Unguided Missile – The Panama Papers as Putin Plot
Brookings issued an astonishing report, and not in a good way, about the Panama Papers.
Read more...#panamapapers Offshore Funds: On the Run With (Almost) Nowhere to Go?
The owners of offshore funds really might be seeing their comeuppance.
Read more...How Not to Audit the Pentagon: The Military Waste Machine Is Running Full Speed Ahead
A look at wretched excess, Pentagon style.
Read more...How Bill Clinton’s Mass Incarceration Policies Fed Rising Higher Education Costs and Student Debt Burdens
The costs of Bill Clinton’s mass incarceration policies are even higher than you thought.
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