As the COVID-19 crisis unfolds we are seeing major shifts in all areas of the economy. In a series of interviews we ask experts what they are seeing from the private equity industry and what they expect moving forward.
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
Preppy retailer cannot survive retail and coronavirus economic downturn saddled by private equity-imposed financial burdens.
Now, with 26 million workers unemployed and countless businesses closing indefinitely, private equity firms are salivating at the potential business opportunities that might arise from the expected economic fallout. Unless we take immediate action to prevent it, private equity firms will take advantage of this unprecedented crisis to make even greater asset grabs.
“Coronavirus distress is the ‘opportunity of the century’ for real estate investors,” according to a recent headline in The Real Deal, a New York real estate news publication. The article quotes Meridian Capital Group’s David Schechtman saying “But I will tell you, real-estate investors — when you take the emotion out of it — many of them have been waiting for this for a decade.”
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.
What made the latest congressional hearings on the Consumer Financial Protection Bureau different from other hearings? A delegation of consumer advocates from around the country wearing lime-green t-shirts that said “Stand Up for the CFPB” and “The CFPB Has My Back.” They were there to remind lawmakers that the great majority of Americans, across party lines, don’t just like the idea of such an agency; they also support the major steps it has taken to bring a sense of fair play to the financial marketplace.
AFR today called on the public to contact their legislator and demand hearings into the recent revelations about the bank supervision process at the NY Federal Reserve. A recent story by NPR and Pro Publica shows a disturbing pattern of deference to regulated banks that Congress should investigate.
Our favorite candidate to lead the CFPA, Elizabeth Warren, is the subject of a new rap video supporting her nomination. The video comes courtesy of our friends at the Main Street Brigade. Want to show your support for Elizabeth Warren? Take a look at this
The Wall Street reform legislation is a victory for the American people and a defeat for those who defended the status quo. The bill was signed into law by President Obama on July 21, 2010. Read our posts about the bill. Here’s What the New
STATEMENT FROM THE SOUTH CAROLINA SMALL BUSINESS CHAMBER OF COMMERCE 1717 Gervais Street, Columbia, SC 29201 www.scsbc.org Statement of Frank Knapp, Jr., president and CEO, The South Carolina Small Business Chamber of Commerce. April 21, 2010. Press conference with Senators Richard Durbin, Jack Reed and