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Great indictment of "Private Inequity" firms
Posted on Author admin
See this concise exposé of private-equity funds in the New Yorker: Private Inequity. As a result, private-equity firms are increasingly able to profit even if the companies they run go under—an outcome made much likelier by all the extra borrowing—and many companies have been getting picked clean. … The real reason that we should be […]
Social Security Works – Washington Upcoming Event
Posted on Author Martha Koester
Long-time opponents of Social Security spun wild yarns about the debt and deficit this summer, and during the run-up to the so-called “fiscal cliff”. Ignoring ten years of war and tax cuts for the wealthy (both purchased on the national credit card), as well as a pandemic of Wall Street greed that nearly sunk the […]