If Rep. Richie Neal prevails in Massachusetts’s First District, lobbyists and corporate donors will get the message that their profits are safe.
Private Equity
Posted inDay One Agenda
A Day One Agenda for Private Equity
A new administration would have numerous opportunities to weaken the power of these financial titans.
Posted inMoney, Politics, and Power
Wall Street’s Newest Way to Part Investors From Their Money
SPACs, or special purpose acquisition companies, have become a hot product. As usual, that’s good news for the big guys and bad news for the little guys.
Posted inMoney, Politics, and Power
The Big Tech Hearings Could Be a Model for Corporate Accountability
Other House committees could put the heads of major industries under the spotlight.
Posted inTAP
Why Brooks Brothers Can Use Bankruptcy and Argentina Can’t
Today on TAP: We need to reform bankruptcy laws
Posted inMoney, Politics, and Power
3M: Monopoly, Misrepresentation, and Malpractice
Hundreds of thousands of troops suffered hearing loss from 3M’s faulty battlefield earplugs. They allege that the company and its private equity–fueled acquisition falsified data and knowingly hid evidence.
Posted inMoney, Politics, and Power
Anti-Monopoly Movement Targets Richie Neal
The Massachusetts congressman, facing a primary challenge, enabled rip-offs on doctor bills to reward private equity giant Blackstone.
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