Unfortunately, author William Cohan thinks the ousted Apollo co-founder is fascinating enough to quote him at length, while neglecting the impact of private equity predators.
Private Equity
Posted inHousing
Private Equity Landlords Double-Dipping in Imminent Bailout
Companies like Starwood Capital Group, which benefited greatly from financial assistance during the COVID-19 pandemic, want a federal bailout on top of that.
Posted inEconomic Policy
The Trump Administration Creates a Monopolization Machine
New rules could grant ‘small business’ benefits to companies with up to $5 billion in assets. Actual small businesses may have no choice but to sell.
Posted inHealth and Social Policy
Health Care Reform Needs More Than Universal Coverage
Medicare for All without tackling the extreme consolidation in health care would just funnel money to corporate behemoths, a new report states.
Posted inMoney, Politics, and Power
Top Pentagon Official Contracted Personal Lawyer to Handle Pentagon Minerals Deal
Alan Waldenberg manages Stephen Feinberg’s personal trust and is lead outside counsel to his former private equity firm. He has also represented the agency where Feinberg is the number two civilian official.
Posted inHealth and Social Policy
Congress Face-Plants on Surprise Health Care Bills
Lawmakers wanted to reform surprise billing so patients weren’t hit with unexpected charges. But they also created a parallel system with new middlemen that is increasing health care costs.
Posted inEconomic Policy
The AI Bailout Could Be Baked Into the AI Bubble
Private credit companies are key owners of AI-related assets. Many of their parent private equity firms own life insurers that are dumping grounds for bad loans—and subject to state bailouts.
Posted inMoney, Politics, and Power
Top Defense Official Could Reap Windfall From DOD Settlement
Stephen Feinberg founded private equity giant Cerberus. A Cerberus-owned firm is poised to settle one of the largest government lawsuits ever—against the very agency Feinberg now helps lead.
Posted inHealth and Social Policy
Trump Funding Cuts Endangering City and Rural Hospitals Alike
A year after Trump ripped $1 trillion out of the American health care system, hundreds of hospitals have closed and millions of people are without health insurance. The majority are in urban areas.
Posted inTAP
An Unlikely Bipartisan Housing Win
The new housing law is a victory for Democratic agenda-setting, but real impact on housing costs remains elusive.