Four CEOs have broken with Trump after his failure to promptly and directly denounce white supremacist violence in Charlottesville. Will others follow? …
Wall Street
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’ Frackateer 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. …
Blackstone Group: Cuomo & Trump’s Wall Street Nexus
Governor Andrew Cuomo’s top aide is going to work for billionaire hedge fund tycoon and Donald Trump advisor Steven Schwarzman – again. …
Trump Treasury pick cultivated close ties to police while running “foreclosure machine”
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 …
Trump’s Billionaire Club, Part 2: Stephen Schwarzman
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 …
Trump’s Billionaire Club, Part 1: John Paulson
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 …
Mapping the players in the Peabody Energy bankruptcy
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 …
The financial industry gives Geithner some credit
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 …
De Blasio goes with the status quo in economic development appointments
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 …