Wall Street scams and schemes that the Dodd-Frank Act intended to kill rose from the dead after 2010. Now they are killing what’s left of the economy—again.
Private Equity
Posted inEconomic Policy
How the Coronavirus Could Reignite a Lurking Debt Bomb
Many have called corporate debt the ‘next financial crisis.’ That never made much sense—until, just possibly, now.
Posted inHealth and Social Policy
Surprise! You’re Still Getting That Unexpected Medical Bill
Why surprise billing legislation broke down, and how the coronavirus outbreak makes this unforgivable—and potentially deadly.
Posted inTAP
Financial Engineers Ravage American Newspapers—McClatchy’s Turn
Today on TAP: The complex deal that put McClatchy into bankruptcy
Posted inMoney, Politics, and Power
The Attempted Corporate Takeover of .Org
A shady private equity transaction could open up nonprofits and nongovernmental organizations to financial exploitation, and threats to their security and privacy.
Posted inMoney, Politics, and Power
Pete’s Puerto Rico Problem
Buttigieg’s corrected list of fundraisers includes a top executive at one of the vulture fund holders of Puerto Rican debt.
Posted inHealth and Social Policy
The Emergency Room Hustle
Private equity firms and other investors have turned freestanding emergency departments into cash machines, at the expense of patients.
Posted inTAP
Private Equity’s Final Profits From Foreclosure Carnage
Today on TAP: Blackstone wraps up its Wall Street rental scheme
Posted inMoney, Politics, and Power
The Sketchy Rehabilitation of George W. Bush
The Kennedy Center’s exhibition of paintings by the war-making president shows how quickly Washington can forget—and the big money that eases such forgetting.
Posted inMoney, Politics, and Power
SoftBank’s Blurry Vision
SoftBank CEO Masayoshi Son lost $70 billion when the first tech bubble burst. His Vision Fund is heavily invested in practically every tech IPO disaster this year.