Category Archives: Banking industry

Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust

Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis


More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?

Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.