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.
Private Equity
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.
Posted inEnergy and the Environment
Blackstone’s Utility Gambit in New Mexico Could Slip Away
Both the firm and the utility company it’s trying to take private face potential maximum fines and a hard reset of the acquisition process for flouting New Mexico state law.
Posted inEconomic Policy
Nothing Is Safe From Private Equity Rollups
Is antitrust enforcement equal to the challenge of defeating the most prevalent abuses?
Posted inEnergy and the Environment
Indiana’s Private Equity Power Play
The mother lode of utility buyouts just landed on Hoosiers’ doorstep. Regulators have no say over whether the deal goes through.
Posted inMoney, Politics, and Power
The Private Credit Cartels
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.
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.