Sunday, July 26, 2026

SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement

The SEC’s Office of Compliance Inspections and Examinations says private equity conduct is really really bad.

The Best Law Capital Can Buy

A review of the important new book “The Code of Capital: How the law creates wealth and inequality.”

2:00PM Water Cooler 6/25/2020

~ Today’s Water Cooler ~

Bayer Agrees to $10.9 Billion Glyphosate Settlement

Bayer agrees to $10.9 billion glyphosate settlement, resolving much pending US litigation. The company still faces European woes.

Links 6/25/2020

‘Downright Dangerous’: Trump Moves to End Federal Support for Testing Sites as US Sees Record Daily Spike in Covid-19 Infections

Trump administration moves to curtail COVID testing – on theory that if there’s no test showing the tree fell in the forest, it did not fall.

LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight

Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.

Minnesota, Ellison Announces Climate Lawsuit Against Exxon, Koch, and API

Minnesota launches a bold climate lawsuit. What are its odds of prevailing?

2:00PM Water Cooler 6/24/2020

~ Today’s Water Cooler ~

Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them

The Governor of the Bank of England had a major “put foot in mouth and chew” episode.

Links 6/24/2020

Saharan Dust Storm Expected To Cause Dangerous Air Pollution in U.S. This Week

Jeff Masters tellls you everything you want to know about a dust strorm set to drift over the US

America Sits on Its Hands as Covid-19 Cases Rise

More signs of Covid-19 breakdown.

Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted

Keeping tabs on the wobbly state of EU banks.

2:00PM Water Cooler 6/23/2020

COVID-19 in swing states, testing, Houston in trouble ~ Biden veep stakes: Karen Bass? ~ Biden’s hawkishness ~ Sanders agonidpol ~ DNC wants more money from Sanders ~ Trump in Tulsa ~ Michigan dead heat ~ Neera Tanden ~ Housing, manufacturing ~ Savings ~ Fireworks companies ~ College football ~ Wokeness ~ Zinn, Chomsky on Tolkien