Private equity profiteering in prisions and education demonstrates why their enthusiasm for socially responsible investing is a con.
Recent Items
Wednesday, September 17, 2025
Private Equity and the Pandemic: Brace for Impact…Investing (Part II)
Topics: Guest Post, Investment management, Private equity, Ridiculously obvious scams, Social values
Posted by Yves Smith at 6:02 am | 3 Comments »
NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?
Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
Topics: Banana republic, Banking industry, Legal, Payment system, Regulations and regulators
Posted by Yves Smith at 5:06 am | 18 Comments »
Will the E-Money Boom Make the UK a Hub of Money Laundering?
Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.
Topics: Banana republic, Banking industry, Free markets and their discontents, Guest Post, Payment system, Regulations and regulators, Ridiculously obvious scams, Russia
Posted by Yves Smith at 12:47 am | 14 Comments »
2:00PM Water Cooler 7/8/2020
~ COVID problem states ~ Electoral college map shifts ~ Biden’s typefaces ~ Trump to drop out? Not what he says ~ The Great Assimilation™ (and kreplach) ~ Vote by mail ~ Robot cars ~ Unto dust shalt thou return ~ Airborne SARS-COV-2 ~ Epstein’s lead-lined bathroom ~ Cat-bee photos ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 175 Comments »
“Warren’s Eviction Bill Is Economically and Politically Savvy”
Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Topics: Banking industry, Credit markets, Free markets and their discontents, Guest Post, Moral hazard, Pandemic, Real estate
Posted by Yves Smith at 9:55 am | 76 Comments »
Links 7/8/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 184 Comments »
Private Equity and the Pandemic: Brace for Impact…Investing
Private equity wants investors to believe that it can do good. The damage it has done through its health care industry profiteering says otherwise.
Topics: Free markets and their discontents, Guest Post, Health care, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:12 am | 6 Comments »
Brexit: Running Down the Clock?
Brexit is not going much of anywhere, and it still isn’t clear if this is by accident or design.
Topics: Brexit, Europe, Globalization, Legal, Politics, UK
Posted by Yves Smith at 5:10 am | 39 Comments »
After Years of Underfunding, Now Public School Teachers Are Supposed to Save the Nation’s Economy?
Teachers are again in the middle of a political fight, this one over the perceived need to reopen US schools pronto.
Topics: Guest Post, Pandemic, Politics, Regulations and regulators, Social policy
Posted by Yves Smith at 12:57 am | 68 Comments »
2:00PM Water Cooler 7/7/2020
COVID-19 problem states, New York ups quarantine ~ Biden’s path to failure ~ Sanders post mortem ~ Trump’s curiously silent internal polling ~ “A pitiful, helpless giant” ~ Lincoln Project ~ Employment, housing ~ COVID treatment improves ~ Zombie artic fires ~ Reparations ~ Forms of happiness
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 172 Comments »
COVID-19 ‘Please Tell Me My Life Is Worth A LITTLE Of Your Discomfort,’ Nurse Pleads
A nurse speaks from one of the Covid-19 mask battlegrounds.
Topics: Banana republic, Globalization, Health care, Pandemic, Science and the scientific method, Social values
Posted by Yves Smith at 9:55 am | 79 Comments »
Links 7/7/2020
Topics: Links
Posted by Yves Smith at 6:58 am | 163 Comments »
Key CIA-Backed Ally Indicted for Organ Trade Murder Scheme
A sordid example of what happens when the CIA is willing to get in bed with just about anyone to advance what it sees as US interests.
Topics: Banking industry, Europe, Free markets and their discontents, Guest Post, Media watch, Politics, Surveillance state
Posted by Yves Smith at 6:49 am | 27 Comments »
Universities in a Mess Over Upcoming Year; Some Reopenings Meeting Fierce Resistance
Universities face an anxious and meager school year.
Topics: Banana republic, Pandemic, Social policy, Student loans
Posted by Yves Smith at 5:42 am | 54 Comments »
Time for the West to Embrace Chinese Industrial Policy, Not Eliminate it
Yves here. We’ve pointed out that the US does have an industrial policy, even if it comes out by default through which groups manage to extract the most subsidies. Favored sectors include housing, the defense-surveillance complex, financial services, higher education, oil and gas, and niche interests like sugar. So the umbrage about China (and Japan […]
Topics: Guest Post
Posted by Yves Smith at 3:06 am | 33 Comments »