Why Have Private Equity Limited Partners Done a Lousy Job of Protecting Their Interests?
How did supposedly sophisticated limited partners let themselves enter into contracts with private equity firms that are actually pretty one-sided?
Read more...Category Archives: Regulations and regulators
Don Quijones: The Bank That Nobody Wants To Buy
The sorry tale of the supposedly restored Spanish zombie bank Catalunya Caixa.
Read more...The Private Equity Limited Partnership Agreement Release: The Industry’s Snowden Moment
We’ve published 12 private equity limited partnership agreements, including the KKR limited partnership agreement that was key to an important Wall Street Journal story. The source documents have been removed from the Pennsylvania Treasury’s website, so our document trove has now become the best source for these records.
Read more...New York Times’ New Editor Buries Important Story on Private Equity Fee Shenanigans on Holiday Weekend
In an important, well-reaserched article, Gretchen Morgenson flags several types of private equity fee abuses. Did the incoming New York Times editor, Dean Baquet, bury her story by running it Memorial Day weekend?
Read more...New Zealand: the Shell Company Incorporation Franchises (IV) (and Latvia)
New Zealand: more dubious companies in the New Zealand register, and another elusive company incorporator
Read more...Wall Street Journal Exposes Possible Grifting by Private Equity Kingpin KKR and KKR Capstone
So when does a related entity rise to the level of being an affiliate? That issue, sports fans, will likely determine whether the SEC will hit the private equity kingpin KKR with fines relative to its relationship with the consulting firm KKR Capstone, which works exclusively for KKR’s portfolio companies.
Read more...America: Europe and Canada’s Willing Chump
How America facilitates a labor and environmental race to the bottom, helping companies based in Europe, Canada, and Mexico.
Read more...How Obamacare Policy Holders and Big Pharma Lose Out from Insurers Gaming Plan Designs
At one level, it’s vastly amusing to watch Big Pharma, through its powerful lobbying group PhRMA, complaining that its ox is being gored by insurers through how they’ve designed Obamacare plans. On another, though, the analysis prepared for PhRMA confirms what this site has long argued, that the Obamacare plans represent a deliberate effort to extract more rents from the public at large on behalf of the medical-industrial complex.
Read more...The Tragedy of the Soma Mine-Workers: A Crime of Peripheral Capitalism Unleashed
Yves here. This post explains how the horrific mine explosion in Western Turkey, which has officially claimed nearly 300 lives as the death count continues to rise, was not an accident but the direct result of privatization and circumvention of safety standards.
Read more...New Zealand: the Shell Company Incorporation Franchises (II) (and Ukraine)
The nuts-and bolts view of these looting mechanisms shows how corruption actually works.
Read more...Abigail Field: Privatization Is Driven By Private Greed and Public Cowardice (and Public Greed, Too)
“Privatization” and “public-private-partnerships” for infrastructure and other public assets are scams driven by private greed and public cowardice.
Read more...SEC Official Describes Widespread Lawbreaking and Material Weakness in Controls in Private Equity Industry
At a private equity conference this week, Drew Bowden, a senior SEC official, told private equity fund managers and their investors in considerable detail about how the agency had found widespread stealing and other serious infractions in its audits of private equity firms.
Read more...No Evidence Justice Department Will Prosecute U.S. Banks Responsible for Financial Crisis
Bill Black is in particularly fine form in this Real News Network video.
Read more...New Zealand: the Shell Company Incorporation Franchises (I)
How New Zealand shell company incorporations help tax evaders and scammers.
Read more...Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices
Remarkably, some Goldman alumni look about to re-enact Enron-style energy market price manipulation all along the East Coast. And no one appears to be alert enough to stop them.
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