Investors (and Others) Realizing Their Ox is About to be Gored in Mortgage Settlement
Investors have been remarkably passive as banks and servicers have taken advantage of them. We've heard numerous reports of servicer fee abuses that amount to stealing from investors (remember, if you overcharge a stressed borrower and that borrower loses his home, the money in the end comes out of pension funds and 401 (k)s when...
Will the Mitt/Newt Slugfest Boost the Occupy Movement?
By Lynn Parramore. Cross posted from Alternet.
Representing the twin evils of ruthless capitalism and government corruption, the GOP candidates are bringing core Occupy issues to the fore.
David Stockman Disses Private Equity Business Acumen on Dylan Ratigan Show
By dint of news flow, we are having a private equity fest tonight. David Stockman, the former Reagan budget director, made a cogent case against the idea that being at the helm of a private equity firm has much to do with knowing how to run a business on Dylan Ratigan. I thought readers would...
Quelle Surprise! It’s Better to Run a Private Equity Fund than Invest in One
It's perverse that it takes a Mitt Romney presidential bid to shed some long-overdue harsh light on the private equity industry.
It was not as hard as you might think to do well in the private equity business in the 1990s. Rising equity markets lift all boats, and PE is levered equity. A better test...
New York Times Tells Us Only Chinese Near Slave Labor Could Handle Steve Jobs’ Demands
A New York Times story, "How U.S. Lost Out on iPhone Work," uses an Obama dinner with Silicon Valley titans to frame its tale of why the US middle class should roll over and die. I am of course exaggerating for effect. But not by as much as you might think. The story by...
Zombie Europe
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from
Greece Poised to Default
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from
