Wall Street wants you to believe AI is to blame for the incipient credit crisis. But the crappy software loans spooking investors are the products of old-economy greed and brazen collusion.
Private Equity
Posted inEconomic Policy
Private Equity’s Great Escape
The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
Posted inPolitics
Brian Schatz’s Signals of Comfort With Big Money
The Hawaii senator and heir apparent to Chuck Schumer attacked a bipartisan housing bill without trying to fix it, merely to show support for private equity.
Posted inTAP
Elizabeth Warren’s Amazingly Progressive Housing Bill
How the Massachusetts senator enlisted most Senate Republicans to support sweeping legislation.
Posted inEnergy and the Environment
Consumer Advocates Could Derail Blackstone’s Utility Acquisition
The private equity behemoth’s bid to acquire New Mexico’s largest electricity provider could be null and void. Will regulators be bold enough to apply the law?
Posted inSports
How Congress Refused to Save the NCAA From Itself
Colleges want exemptions from antitrust and labor laws, so they can continue to hoard billions in cash from sports and deny the players their rights. So far, they’ve failed.
Posted inEconomic Policy
Private Equity Saks Another Retail Outlet
It’s the old story: Load up companies with debt, pull out all the value, and leave them as a dead shell.
Posted inEnergy and the Environment
Private Equity’s Utility Spending Spree Threatens New Mexico
Two firms are vying for control over much of New Mexico’s energy infrastructure, but consumer advocates are fighting back.
Posted inEnergy and the Environment
Lightning in a Bottle
Regulatory capture is at the root of the affordability crisis in electricity. Public power could offer a way out.
Posted inHousing
Remedying the Workforce Housing Crisis
Rising rents have been particularly pronounced in the workforce housing segment, squeezing tenants across the country. According to a new report, most regions nationwide experienced workforce housing rent increases of 20 percent or more from 2021 to 2025.