Carlyle Group has performed a classic corporate raid on Philadelphia Energy Solutions. Will the private equity firm also succeed in avoiding millions in state and federal taxes connected to this?
Wall Street
Scandal-Ridden Wells Fargo Rips Off Customers While Funding the Gun Industry & Carceral State
Wells Fargo helps prop up everything from the gun industry to private prisons and fossil fuels. Will the scandal-ridden bank ever stop profiting off of injustice?
Gun Profiteers: Who’s Getting Rich off the US Gun Crisis?
Banks, investors, and retailers are profiting off the US gun industry. They may be good targets for organizers.
BlackRock CEO Larry Fink Wants a Kinder, Gentler Capitalism. He Should Look At His Own Investments.
BlackRock CEO Larry Fink wants corporations to be more socially responsible. So why is he invested in private prisons and dirty fossil fuels?
Billionaire Trump Backer Stephen Schwarzman Owns Motel Chain Collaborating with ICE
Motel 6 is collaborating with Trump’s deportation machine. The motel chain is owned by Wall Street billionaire – and Trump ally – Stephen Schwarzman.
Debt vultures behind Puerto Rico austerity are also fueling climate change
Hedge funds behind the austerity-driven humanitarian crisis in Puerto Rico are also fueling climate change with equity investments in fossil fuel companies whose emissions supercharged the hurricanes that devastated the island.
How Seth Klarman, One of Puerto Rico’s Biggest Debt Vultures, Was Exposed
One of the biggest speculators on Puerto Rico’s debt remained unknown until last week. Here’s an inside account of how the Baupost Group was outed.
After Charlottesville, Will Trump’s CEO Councils Break with Him?
Four CEOs have broken with Trump after his failure to promptly and directly denounce white supremacist violence in Charlottesville. Will others follow?
Trump Taps Anthony Scaramucci, Goldman Sachs and Hedge Fund Vet, as Communications Director
Trump’s new Communications Director, Anthony “the Mooch” Scaramucci, is yet another Wall Street alum.
Mercer family front groups attack universal healthcare bill in New York State
Right-wing front groups attacking a universal healthcare bill in New York are funded – and in one case controlled – by the hedge fund billionaire who helped propel Trump into office and who manages billions of dollars in pharmaceutical and insurance investments.
Eyes on the Ties’ Fracketeer of the Month: Antony Ressler
Tony Ressler, the Los Angeles-based billionaire socialite and private equity boss, is a key force behind the controversial Pilgrim Pipeline.
Hedge fund-backed pharma company that fed opioid crisis now seeks to profit from treating it
Insys Therapeutics made millions off of feeding the opioid crisis. Now it seeks to profit off of treating opiod addiction.