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. …
Tony Ressler, the Los Angeles-based billionaire socialite and private equity boss, is a key force behind the controversial Pilgrim Pipeline. …
Insys Therapeutics made millions off of feeding the opioid crisis. Now it seeks to profit off of treating opiod addiction. …
Governor Andrew Cuomo’s top aide is going to work for billionaire hedge fund tycoon and Donald Trump advisor Steven Schwarzman – again. …
Trump’s pick for Treasury Secretary is Steven Mnuchin, a former Goldman Sachs executive and hedge fund manager. Mnuchin has been receiving critical coverage for his role as chairman of OneWest, a California lender that became notorious for its predatory foreclosure practices, which disproportionately affected communities of color. His close ties to the Los Angeles Police …
Stephen Schwarzman is the private equity billionaire in charge of Donald Trump’s Strategic and Policy Forum, a group of CEOs who will advise the president-elect on economic policy. Schwarzman has known Trump for years, but did not publicly support him during the campaign. Now, however, the president-elect is leaning on him heavily for help in …
While Donald Trump was campaigning for president, many prominent Wall Street Republicans refused to publicly support him. One notable exception was John Paulson, the billionaire hedge fund manager famous for making $4 billion by betting that the housing market would collapse in 2007. Paulson is the founder of Paulson & Co., a New York City-based …
Peabody Energy – the world’s largest private sector coal corporation – filed for bankruptcy in April, the latest in a series of major coal company collapses. As Peabody’s bankruptcy hearings unfold, there is growing concern amongst environmental, labor, and indigenous justice groups that the company will use the bankruptcy process to pay back their big …
Earlier this week, Bloomberg reported that former Treasury Secretary Timothy Geithner secured a line of credit from JPMorgan Chase, one of the too-big-to-fail recipients of bailout cash. Geithner is looking to buy in to a new $12 billion fund at Warburg Pincus, the private equity firm where he now works. He reportedly stands to make …
If you caught the news sometime this fall, you probably know the story of New York City’s changing of the guard. Populist de Blasio replaces billionaire Bloomberg as mayor. Wall St. already misses its buddy Mike. Economic inequality: watch out! So why is de Blasio surrounding himself with a cast of characters that signal it’s …
The cooling-off period is over for former Treasury Secretary Tim Geithner, who is joining the private equity firm Warburg Pincus as president and managing director. Geithner had initially joined the Council on Foreign Relations as a senior fellow after leaving the Treasury Department early this year. He had taken several plum speaking engagements at Wall …
Last week I wrote about NY Governor Cuomo’s new hires to run StartUp NY, the new program creating tax-free zones around SUNY campuses for businesses willing to relocate, and their ties to Wall St. According to Cuomo’s press release, Leslie Whatley, StartUp NY’s new executive vice president, will be employed by the SUNY Research Foundation …