Sun Capital Ruling: Private Equity Investors on the Hook for Shuttering Underfunded Pensions
A ruling against private equity general partner Sun Capital delivered a nasty surprise to investors.
Read more...Author Archives: Yves Smith
Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...Bill Black: Andrew Ross Sorkin Makes a Hash of Met Life “Too Big to Fail” Decision
Andrew Ross Sorkin yet again misinforms readers, to the benefit of Big Finance.
Read more...Links 4/16/16
Towards a Theory of Shadow Money
Struggles over shadow money today echo 19th century struggles over bank deposits.
Read more...The Dirty German Ditty That Got Erdogan So Angry That He Sued
It appears that Erdogan never got the memo: if you are going to be in politics, you need to have a thick skin.
Read more...Who Got Reuters to Pull Article on Sanders’ “Left Hook” TV Ad?
Reuters deep sixed a favorable article about a hard-hitting Sanders ad. The only plausible explanation is pressure from the Clinton campaign.
Read more...Youth Unemployment in the Mediterranean Region and its Long-Term Implications
The data on European youth unemployment is sobering, and the migrant influx is making a bad situation worse.
Read more...Links 4/15/16
How CalPERS Was Taken By Private Equity Firm Silver Lake and Tried to Hide That (A Tale of Two Spreadsheets)
CalPERS told two very different stories about how well its investment in Silver Lake, the general partner, fared. Which should we believe?
Read more...Open Thread: Reader Takes on Sanders/Clinton Brooklyn Debate
Seeking reader reactions to last night’s Sanders/Clinton debate.
Read more...Michael Hudson: Pamama – Laundering Haven for War Budgets
Michael Hudson explains the history of Panama as a center to launder earnings for the oil and the gas industries, and the mining industry.
Read more...America: No Country for Old People
It’s not easy being old and it’s only going to get harder in America.
Read more...Five Big Banks Get Bad Grades on Living Wills, No One Gets Clean Pass; Admission That “Too Big to Fail” is Alive and Well
The practical and political consequences of no big banks getting a pass on their living wills.
Read more...Mathew D. Rose: The Remarkable World of Angela Merkel and Her Friends
With friends like Merkel’s, who needs enemies?
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