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For decades the real economy has been "financialized" by the Wall Street types -- sold off piece by piece, providing short term profits for a very few.
Dave Johnson | Posted 10.21.2009 | Business
This is the buyout game and it is part of the story of what has happened to our economy, our jobs, our communities and our country.
Dave Johnson | Posted 10.21.2009 | Business
This post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture as part of the Making It In America project. I am a ...
Leo W. Gerard | Posted 10.07.2009 | Business
Anything Goes capitalism workers' lives, but it sure does work for the private equity firms. They made around $750 million in profits from the now-indebted and bankrupt Simmons.
Russ Baker | Posted 10.06.2009 | Business
It's worthwhile to have a further look at some of the players cited briefly in the Times article about the Simmons mattress company, so here is a bit more on the private equity kingpin Thomas H. Lee.
nytimes.com | JULIE CRESWELL | Posted 10.05.2009 | Business
Simmons says it will soon file for bankruptcy protection, as part of an agreement by its current owners to sell the company -- the seventh time it has...
Kristin Boekhoff | Posted 09.24.2009 | Business
I don't have to convince the Bangladeshis of the potential of their country. They are keen to change the world's negative perception of Bangladesh; a high-profile, luxury eco resort could do just that.
Michael J. Panzner | Posted 09.17.2009 | Business
Many of those at Main Street's front lines are following the old Wall Street dictum: When the ducks are quacking, feed them.
bloomberg.com | Robert Schmidt | Posted 10.20.2009 | Business
Sept. 4 (Bloomberg) -- Jeffrey Goldstein, the private- equity executive nominated to be Treasury undersecretary, is obligated to pay at least $10.5 mi...
Posted 09.28.2009 | Business
Up to 1,000 banks could fail in the next two years, private equity chief John Kanas told CNBC in a recent appearance. Kanas' high-powered private equi...
The Huffington Post Investigative Fund | Ben Protess | Posted 09.27.2009 | Business
As expected, the board of the Federal Deposit Insurance Corp. has approved controversial rules that will govern how risk-taking private equity firms c...
nytimes.com | ERIC DASH | Posted 09.21.2009 | Business
Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled ins...
Bloomberg | Jason Kelly and Jonathan Keehner | Posted 09.20.2009 | Business
U.S. pension funds contributed to the record $1.2 trillion that private-equity firms raised this decade. Three of the biggest investors, state pension...
bloomberg.com | Adam Satariano | Posted 09.03.2009 | Business
Aug. 3 (Bloomberg) -- Michael Jackson, the Grateful Dead and "The Sound of Music" are finding new fans in pension funds, private equity and banks conv...
Art Levine | Posted 08.15.2009 | Business
"The strike marks an important turning point in the fight against the lowball tactics of private-equity firms determined to destroy unions to boost their own profits."
Michael Likosky | Posted 08.12.2009 | Business
To protect American workers, in the luxury sector and elsewhere, our government trade negotiators should revisit outsourcing rules.
Charles H. Green | Posted 08.12.2009 | Business
This ideology didn't just happen. It was four decades in the making. Sachs and Stanley refined it; private equity and financial engineers distilled it; Merril, Stearns and Joe the Plumber got drunk on it.
AP | Stephen Manning and David Pitt, AP Business Writers | Posted 08.02.2009 | Business
WASHINGTON (AP) -- Three Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take o...
Michael Wolff | Posted 06.15.2009 | Business
What happens now to that sort of rapacious desire and to those kind of Sammy Glick personalities in this new, earnest, cautionary, and reform-minded, age?
Norb Vonnegut | Posted 05.20.2009 | Business
We find similarities every time a new Ponzi scheme is uncovered. I would suggest another example of recurring behavior: Philanthropy.
Bloomberg | Jason Kelly and Katherine Burton | Posted 03.29.2009 | Business
Feb. 26 (Bloomberg) -- Executives at buyout, venture-capital and hedge-fund firms will pay an estimated $24 billion more in taxes over nine years if P...
Bloomberg | Jeff Green, Alan Ohnsman and Zachary R. Mider | Posted 03.15.2009 | Business
Feb. 12 (Bloomberg) -- General Motors Corp., planning asset sales to keep $13.4 billion in U.S. loans, has attracted interest in its Hummer brand of ...
New York Times | Zachery Kouwe | Posted 01.29.2009 | Business
IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equit...
Paul Jenkins | Posted 01.14.2009 | Business
The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.
Wall Street Journal | Susan Pulliam and Peter Lattman | Posted 10.10.2008 | Business
Jon Huntsman, chairman of Huntsman Corp., doesn't mind playing tough. He once told a hedge-fund manager that it would be his "life's purpose" to make ...
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Dave Johnson | Posted 11.04.2009 | Business