Two new books call ‘private equity’ what it actually is, but neither offers much hope for emancipation from our eternal hostile takeover.
financial industry
Posted inAmerica and the World
A China Reset?
It’s already happening—mostly to the advantage of Beijing.
Posted inHealth and Social Policy
Hospitals’ Bid for Quick Cash Leaves Patients Worse Off
Medical credit cards shift the burden of medical financing onto unsuspecting consumers who could have qualified for other means of payment.
Posted inTAP
The Bill That Would Stop Buybacks
Today on TAP: To be introduced later today, this House bill would stop the massive diversion of corporate revenues into CEOs’ pockets.
Posted inHealth and Social Policy
Quackonomics
Medical Properties Trust spent billions buying community hospitals in bewildering deals that made private equity rich and working-class towns reel.
Posted inBooks, Arts and Culture
BlackBerry: When the Tech World Met Wall Street
The new film charts the conflict between making a good product and pleasing investors.
Posted inTAP
How Wall Street Feeds Itself
Today on TAP: Stock buybacks hit new records last year. They should be banned outright.
Posted inTAP
The Silver Lining in the Latest Bank Panic
Today on TAP: The run on regional bank stocks will bring tighter regulation and lower interest rates.
Posted inEnergy and the Environment
Crackdown on Predatory Green Loans
The Consumer Financial Protection Bureau has proposed rules forcing a program that offers loans for energy efficiency upgrades to confirm a borrower’s ability to repay.
Posted inMoney, Politics, and Power
Fintech’s Latest Scheme
Earned wage access is pitched as a way to instantly get money for paid work. But companies attach high fees, and they are seeking exemptions from consumer protection laws.
