The Massachusetts congressman, facing a primary challenge, enabled rip-offs on doctor bills to reward private equity giant Blackstone.
Private Equity
Posted inEconomic Policy
Letting Private Equity Billionaires Rob Worker Retirement Funds
A new Department of Labor rule allows private equity to get into 401(k) plans. One expert estimates a $13.7 billion annual wealth transfer from workers to Wall Street tycoons.
Posted inCoronavirus
Unsanitized: Private Equity Gets Its Bailout After All
Plus, a protest update, and the incredible shrinking Fed relief. This is The COVID-19 Daily Report for June 4, 2020.
Posted inTAP
The Real Villain in Bankruptcies: Private Equity
Today on TAP: Companies destroyed by predators, not the pandemic
Posted inCoronavirus
Unsanitized: JCPenney Follows the Private Equity Model, Sinks Into Bankruptcy
Plus, Facebook makes a move and the Heroes Act passes. This is The COVID-19 Daily Report for May 16, 2020.
Posted inEconomic Policy
Is a Housing Crash Coming to Florida?
There are signs that another foreclosure crisis may be looming in this swing state.
Posted inPolitics
Centrist Democrat Backs Bailout Plan Pushed by His Private Equity Donors
New Jersey Representative Josh Gottheimer is backing a plan from one of his top private equity donors to expand a Federal Reserve bailout program.
Posted inCoronavirus
How Private Equity Firms Will Profit From COVID-19
Unless Congress and regulators act, private equity will shed its nonperforming assets and feast on new ones. J. Crew is the latest example.
Posted inCoronavirus
Unsanitized: Why We Need a National Investment Authority
A public agency to channel capital, from bailouts to infrastructure. This is The COVID-19 Daily Report for May 3, 2020.
Posted inEconomic Policy
Hospital Bailouts Begin—for Those Owned by Private Equity Firms
Hospitals weighed down by debt to their private equity owners set to receive taxpayers’ dollars
