The private equity industry, seeing a window of opportunity following the onset of the pandemic, has taken it upon itself to have the companies that it owns issue at least $10 billion in debt solely for the purpose of paying itself. This is yet another example of private equity looting.
Trump Administration and Congressional Republicans are using COVID-19 health crisis and economic recession to double down on tax cuts for the top 1 percent.
Private equity firms often profit from mass incarceration and they expand inherently racists business practices in communities of color. Private equity is behind manufacturers of weapons used against people protesting police brutality against the Black community.
Cross-posted from AFR’s Medium page. Can BlackRock Benefit from Inside Information from Fed Facilities? The Fed’s Agreement with BlackRock Raises Questions about Inside Information In order to respond to the ongoing pandemic, the Federal Reserve has created several facilities to purchase financial securities in order
More and more as we go about our lives, the money we spend is siphoned off to enrich Wall Street firms. Private equity’s pet profiteering is just one way these investors have taken over so much of the economy and our daily lives.