At the peak of the coronavirus pandemic, big banks will be paying some $13 billion in shareholder dividends. If this level of dividends continues for the rest of 2020, big banks could be permitted to pay out over $50 billion in dividends for 2020.
The COVID-19 pandemic requires an aggressive economic response that creates the best possible conditions to preserve public health and helps individuals, families, and communities weather the disruptions that efforts to contain the pandemic require.
The private equity industry promotes itself as serving the investing public — including union and other pension funds — by providing reliably superior returns than the stock market. But the reality is that PE investments are not necessarily better performers, their promises too often rely on misleading numbers, and they can pose serious risks for
Private equity has pushed into the high-priced consumer loan industry, offering payday and other consumer loans that profit off trapping borrowers in a cycle of debt. Private equity firms own over 5,000 storefront payday and online lenders that often make loans at 300% annual percentage rates (APR) and higher. You can find a link to
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The day before Thanksgiving, a chemical plant operated by the TPC Group exploded in Port Neches, Texas spewing contaminants, forcing over 50,000 people to evacuate, and leaving the community with the lingering aftereffects of an industrial disaster. The TPC Group is owned by two private equity (PE) firms, SK Capital Partners (SK) and First Reserve. The private equity owned chemical plants in Texas held by SK Capital have a long record of environmental violations — not just the TPC Group factories but other SK Capital portfolio firms.