At long last, private equity, have you no decency? Even the Olive Garden’s free breadsticks are under fire – must you destroy everything in this nation? Seriously though, check out this analysis of how PE firms are finding ways to strip established brands clean of real estate assets and strategic security in their classic parasitic attempt to get all the …
Why the stock market might be in for a crash
When I look at the trend lines, it doesn’t just look like a bubble – it looks like big trouble.
Private equity wonders about regulatory crackdown
It turns out that the private equity industry has reached its pre-crisis peak in terms of consolidating industries through M&A activity. Moreover, some people in Washington appear to finally be waking up and realizing that maybe the situation has more in common with 2007 than anyone would care to imagine. And DC might be scared that junk bonds could do …
Why we shouldn’t tax the rich
Alain de Botton is a modern-day philosopher, one I think may be more famous in future centuries that right now. His insights on everything from romance to video games deal with our problems here and now. This article “What the rich really want, and why we should give it to them” is an example of his wisdom applied to an …
The bigger story of how private equity corrupts
The other day I was talking with a friend of mine who does intelligence for large corporations. We were discussing my latest on Guitar Center’s subprime bond hustle and she said, “You should talk with Yves Smith from Naked Capitalism – her work on private equity suckering pension funds like CalPERS is a lot like what you are uncovering.” Six …