Dean Baker weighs in today as well in the Wall Street pension scam via Truth Out.
We anticipate that some of you are new to this site and have visited to access the 12 private equity limited partnership agreements that we published in searchable form. You can find them here and here.
But we also thought you might want to familiarize yourself with our recent coverage of the private equity industry.
By way of background, I’ve been in and around the financial services industry for my entire career. I joined the corporate finance department of Goldman in the early 1980s, when Wall Street was criminal only at the margin. I then went to McKinsey, and in the mid-1980s, started up and led the mergers and acquisition department for Sumitomo Bank, then the world’s second largest bank. Next, I founded a management consulting practice that did McKinsey-style consulting for wholesale banks and trading businesses, and also provided transaction advisory services to private equity firms, hedge funds, and substantial individuals (Forbes 400 level).
In 2006, I launched Naked Capitalism, which provides incisive analysis and commentary on finance and the financial services industry. We have an active following on the Hill and at all the major financial regulators.
Over this period, we’ve written over 200 posts on private equity. In the last year, we’ve increased our focus on the industry. In addition to the limited partnership agreements release, other stories we’ve broken include: