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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DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-Five: What Drove Uber’s Recent $8 Billion P&L Improvement?
How did Uber achieved a $8 billion P&L improvement after losing $33 billion in its first 13 years? Misleading accounting plays a big role.
Read more...After We Amplified Warnings of Wildly Overvalued Unicorns, They Crash and Burn
Who Is Driving the Global Privatization of Domestic Infrastructure?
An otherwise informative post about the extent and hazards of infrastructure sales misses who the real bad actors are.
Read more...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...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...How Shareholder Activism Became Toxic—and How to Fix It
How shareholder activism, which once helped check self-serving managements, has become the province of hedge fund extortionists.
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...Wall Street Journal on Men With “Crack Cocaine” Level Addiction to Crypto and Options Betting
The post-2020 bull markets in stocks and crypto + seductive trading apps have produced a big increase in gambling addiction.
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...Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
Read more...The Fight to Hold Executives and Boards Accountable Continues in Barclays and Bayer Appeals
An update on two cases, one against Barclays, the other Bayer executives and directors, which seek accountability in New York courts.
Read more...Who Holds All These US Treasuries? Update on the Investors in the Ballooning US National Debt in Q2
As the Fed unloads Treasuries, others are purchasing them…including foreign central banks.
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