A House Financial Services Committee hearing on private equity revealed more about the party than about private equity, and in a not good way at that.
Recent Items
Sunday, February 8, 2026
Democrats’ Private Equity Hearing Fail: Abject Incompetence, Corruption, or Mere Unseriousness?
Topics: Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:54 am | 33 Comments »
The Coup in Bolivia Has Everything to Do With the Screen You’re Using to Read This
The coup in Bolivia as a resource play.
Topics: Banana republic, Commodities, Free markets and their discontents, Guest Post, Income disparity, Politics
Posted by Yves Smith at 3:37 am | 17 Comments »
Under Swollen Tides, Venice Says More About Our Future Than Our Past
Venice illustrates how climate change will force a sort of triage upon us, and it won’t be just about our cultural heritage.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Social values
Posted by Yves Smith at 12:34 am | 23 Comments »
Reminder: Birmingham Meetup Tomorrow, Thursday November 21. Hope to See You There!
Our Birmingham meetup is nigh! Please join us!
Topics: Notices
Posted by Yves Smith at 12:11 am | Comments Off on Reminder: Birmingham Meetup Tomorrow, Thursday November 21. Hope to See You There!
2:00PM Water Cooler 11/19/2019
Today’s Water Cooler: Trade optimism, Buttigieg, Booker, Sanders, Yang, Iowa poll, another lunatic impeachment witness, Obama legacy, housing, services, Walmart retail v. etail, hacking bounty, slowdown signs, butterflies, soil, hyperosmia, Young Adult literature, economic insecurity for over-65s, FedEx, memory, handwriting
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 228 Comments »
New Report Finds Costs of Climate Change Impacts Often Underestimated
Why most economists considerably underestimate the cost of climate change.
Topics: Dubious statistics, Economic fundamentals, Environment, Global warming, Guest Post, The dismal science
Posted by Yves Smith at 9:55 am | 20 Comments »
Links 11/19/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 130 Comments »
Private Equity Under the Hot Lights Today at House Financial Services Committee Hearing, “America for Sale?”
Private equity gets some long overdue scrutiny.
Topics: Banking industry, Economic fundamentals, Free markets and their discontents, Hedge funds, Investment management, Legal, Politics, Private equity, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 4:30 am | 14 Comments »
The Rich Under Stress as Asset Prices Wobble
Some of the rich are feeling the pinch. Is this a passing phenomenon or a sign of things to come?
Topics: Banking industry, Credit markets, Income disparity, Real estate, Risk and risk management
Posted by Yves Smith at 2:07 am | 53 Comments »
Why Aren’t Americans Rising Up Like the People of Chile and Lebanon?
Americans are not big on protests, and people abroad are perplexed
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 12:27 am | 98 Comments »
2:00PM Water Cooler Special: Warren’s #MedicareForAll Transition Plan Is Set Up to Fail
Warren’s transition plan, like her pay-for plan, introduces unmotivated dependencies that make #MedicareForAll unlikely to pass, charitably from poor political judgment, less charitably because she doesn’t want the bill to pass.
Topics: Guest Post, Health care, Politics
Posted by Lambert Strether at 3:55 pm | 54 Comments »
2:00PM Water Cooler 11/18/2019
Today’s Water Cooler: Forever trade war, Iowa polling, Trump, Warren, impeachment, Obama legacy, housing, frack sand collapse, container shipping, aircraft sales, robot cars to increase driving, giant structures in the universe, junk, landfills, more efficient toilets, dentistry, the press, wage theft, Hokusai
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 157 Comments »
Plastics Watch: Recycling, Raccoons, and Rubbish
Even a massive recycling campaign won’t make a dent in the plastics problem, as long as the industry ramps up production; some thoughts on raccoons, and rubbish.
Topics: Banana republic, Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 9:55 am | 17 Comments »
The Joker to Guy Fawkes: Why Protesters Around the World are Wearing the Same Masks
Discussion of role of masks in global protest, as Hong Kong’s mask ban is ruled unconstitutional by High Court.
Topics: China, Social values, Surveillance state
Posted by Jerri-Lynn Scofield at 7:55 am | 23 Comments »
Links 11/18/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 138 Comments »


