In The News: How Private Equity Firms Will Profit From COVID-19 (The American Prospect)
Unless Congress and regulators act, private equity will shed its nonperforming assets and feast on new ones. J. Crew is the latest example.
Tag Archives: private equity
NEWS RELEASE: Private Equity Looting Drove J. Crew Bankruptcy
Private equity firms loaded J. Crew with debt and hid assets away from investors and creditors.
FACT SHEET: J. Crew Succumbs to Bankruptcy after Private Equity Debt, Financial Looting
Preppy retailer cannot survive retail and coronavirus economic downturn saddled by private equity-imposed financial burdens.
Blog Post: Wall Street’s Secret Pet Profiteering
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.
Policy Recommendations: Critical Post-CARES Act Financial Policy Steps to Respond to the Coronavirus
Americans for Financial Reform released a set of financial policy recommendations for Congress to fix the problems and loopholes in the CARES Act, to further protect and support individuals, families and communities in the face of this crisis, and to lay the groundwork for an equitable and sustainable economic recovery.
Comment Letter: Comments on Federal Reserve Emergency Facilities
Together, these facilities could deploy up to $2.3 trillion in new credit to the economy during the pandemic crisis period. Without major changes these facilities will not be effective in getting assistance to those most impacted by the crisis, and disclosure and transparency regarding specific borrowers and loan terms is lacking. Our comment provides specific recommendations to address these issues.