Receiving Wide Coverage ...
Profiteering: For as much heat as the big banks get, some financial firms continue to operate with very little oversight at all. That's one takeaway from a New York Times series unveiled this weekend, Bottom Line Nation, which looks at the role private equity companies are playing in all facets of American life – from the emergency services industry to the mortgage business.
In the
The Times describes "a sophisticated moneymaking playbook" used by private equity firms built on "a mix of cost cuts, price increases, lobbying and litigation." But that approach also engenders "a fundamental tension: the push to turn a profit while caring for people in their most vulnerable moments."
In part two of the series, the paper looks at how these companies are operating in
The investments are also bypassing some of the country's poorest neighborhoods, since private equity firms don't face the same requirements under the Community Reinvestment Act that the banks do. (What's private equity again? The Times provides a
It's Not Pretty: Hot takes rained down this weekend in the wake of Britain's shocking vote to leave the European Union. Here's how the decision is hitting nearly every conceivable financial group:
Wall Street Journal
Rising Tide: A look at how fintech startups could reform
Who's Liable? Consumer lawsuits over data breaches at major retailers are becoming more common, but trying to
New York Times
Still Infamous: The