As US Markets Look a Bit Wobbly, the Press Looks for the Next Crisis in the Rear View Mirror
The Wall Street Journal worried about the giddy mood at the annual structured industry conference. But is where to look for the next crisis?
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After We Amplified Warnings of Wildly Overvalued Unicorns, They Crash and Burn
A Win in Long-Running Kentucky Retirement Systems Pension Case: Attorney General Thwarted in Scheme to Settle Claims Against KKR and Blackstone on the Cheap
In a step forward for long-suffering Kentucky Retirement Systems (now Kentucky Public Pension Authority) beneficiaries, attorneys for so-called Tier 3 Plaintiffs beat back a scheme by Attorney General Russell Coleman to settle claims against private equity kingpins KKR and Blackstone on the cheap…oh, and completely drop claims against their top partners, here the famed Henry […]
Read more...Is Trump Serious About Trying to Close the Private Equity Carried Interest Loophole?
Trump wants to revive his 2017 plan to curb a private equity tax abuse, the so-called carried interest loophole. Is he likely to succeed now?
Read more...New Filing Details How Crooked Attorney Ann Oldfather and Kentucky Attorney General Russell Coleman Conspired to Sell Out Underwater Pension Funds and Taxpayers to the Tune of Hundreds of Millions, Even >$1 Billion, in Lost Recoveries
As more legal filings and reviews show, Ann Oldfather and Attorney General Russell Cameron are shafting Kentucky taxpayers for their benefit
Read more...More Kentucky Dirty Dealings: Attorney General Schemes to Leave Hundreds of Millions in Pension Recovery on the Table, Give Sweetheart Payout to Attorneys, To Settle Claims Against Private Equity Kingpins KKR and Blackstone, Including Ones by Plaintiffs the AG Does Not Represent
A new legal low: the Kentucky Attorney General wants to gift the pension fund’s money to KKR and Blackstone to settle claims against them.
Read more...Elite College Money Woes: Wall Street Journal Notes but Underplays the Level of Negligence
A new story on the financial tsuris at even the most elite universities underplays how they’ve made poor investment choices for many years.
Read more...Could Chinese Control Over Strategic Minerals Coupled with US Corruption Cripple the Sputtering US War Machine?
China tightens its grip on materials necessary for US military and its proxies as Washington turns to those who squandered American advantages to fix the problem — or profit from it.
Read more...Long-Running Kentucky Retirement Systems Case Surmounts Yet Another Procedural Spanner, Moves Closer to Discovery After Seven Years
The long-running Kentucky Retirement Systems case is clearing the remaining obstacles to getting to discovery.
Read more...Firm Behind £4M Labour Party Donation Invested in Weapons for Israel
Quadrature Capital, which gave the Labour Party’s largest-ever donation, held shares in arms companies that make Israeli fighter jets and bombs.
Read more...Elon Musk and Tesla Shape America’s Future. But Problems Run Deeper Than Tweets.
The financialization of U.S. firms making key products endangers American global leadership and, in Tesla’s case, climate change progress.
Read more...How Responsible Is the Rental Housing Cartel for the Explosion in Homelessness?
Since collusion in pricing and vacancy hit critical mass in 2016, homelessness has soared.
Read more...Kentucky Retirement Systems Plaintiffs Seek Repayment from KKR Entities of Misappropriated $137 Million Plus Interest and Punitive Damages, Totaling $771 Million….Oh, and An Accounting Too
The Tier 3 Plaintiffs in the long-running public pension case, Kentucky Retirement Systems, are fast off their marks with a blockbuster filing.
Read more...Game Finally On! Judge Denies Key Motions to Dismiss in Kentucky Retirement Systems Litigation, Subjecting KKR, Blackstone, PAAMCO, and Top Financiers Henry Kravis, George Roberts, Steve Schwarzman, and Tomlinson Hill to Discovery
The much-delayed Kentucky Retirement System cases are finally moving forward, causing heartburn to some top names on Wall Street.
Read more...Michael Hudson: Higher Education Crapification – The New School Case Study
How the education part of higher education has become an afterthought.
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