Today we partnered with National People’s Action (NPA) to release a new report, The Predators’ Creditors: How the Biggest Banks are Bankrolling the Payday Loan Industry. The report details ties between payday lenders and big banks, including financing arrangements, shared leadership, and ownership ties. …
Tag: tarp
PIMCO’s handshake with Kashkari
Neel Kashkari, ex-Treasury Secretary Henry Paulson‘s pick to oversee TARP, has joined the bond firm PIMCO, the trillion dollar bond manager based in southern California. The move comes just days after the Washington Post ran a lengthy profile of Kashkari and his life after Treasury. Felix Salmon notes that with the move, PIMCO has cemented …