Stop Wall Street Looting Act: More Necessary Now Than Ever – CEPR
“Eileen Appelbaum, co-director of the Center for Economic and Policy Research (CEPR) and co-author of the book “Private Equity at Work: When Wall Street Manages Main Street,” released a letter to Senator Warren that traces the rise of this dangerous industry. The letter explains the economic circumstances that fueled private equity’s explosive growth, and the risky financial schemes that have delivered massive profits to investors while decimating American health care companies – doing lasting damage to the interests of workers, caregivers and patients.”
A must-read for policymakers. Includes detailed example of how private equity sucks the marrow out of hospital and other systems serving public needs. The next Administration and Congress needs to take strong action to protect patients, workers, health care systems, investors, pension plans, buyers of annuities, and the financial system itself from damaging exploitation.
Coin-Flip Capitalism: Q2 2024 Update – American Compass
Some definitions:
Understanding Private Equity – Investopedia
Sale-Leaseback Agreements | Definition, Purpose, & Structure – Finance Strategists
Hedge Fund: Definition, Examples, Types, and Strategies – Investopedia