Bailing out a critical Massachusetts hospital chain should come with some consequences for the financial operators who put them in that position.
SEC
Posted inHealth and Social Policy
Reversing Private Equity’s Looting of Hospitals
The right remedy is to claw back the billion-dollar payday Cerberus Capital and other insiders took out of Steward Health Care and give the money back to the hospitals.
Posted inMoney, Politics, and Power
Corporate Self-Oversight
Four auditing firms examine the books of nearly every big U.S. company, in a process riddled with conflicts of interest. But federal monitoring is making a comeback under new leadership.
Posted inTAP
Regulatory Fiascos
Today on TAP: Shame on Gary Gensler. And the coup against Katherine Tai.
Posted inTAP
Will the SEC Cave on the Latest Crypto Scam?
Today on TAP: The usually public-minded commission is on the verge of permitting a new Bitcoin gold rush.
Posted inMoney, Politics, and Power
Cracks in the Blockchain Eight
After Hamas boosted its finances with crypto funding, over 100 members of Congress urged a crackdown on crypto money laundering, including two notoriously pro-crypto representatives.
Posted inEconomic Policy
Long-Awaited Rules on Private Equity Mostly Involve Disclosure
The industry watered down some of the tougher prohibitions. But it’s a start.
Posted inTAP
Capitalists: Be Careful What You Wish For
Today on TAP: Wall Street’s hilarious complaint against a totally captured self-regulatory agency has one thing right: This delegation of government authority is unconstitutional.
Posted inEconomic Policy
The SEC Comes for Big Crypto
The agency has sued both Binance and Coinbase for violating securities law.
Posted inAmerica and the World
A China Reset?
It’s already happening—mostly to the advantage of Beijing.