Jim Chanos: ‘We are in the golden age of fraud’
Jim Chanos: ‘We are in the golden age of fraud’ – https://on.ft.com/39rOiHC via @FT
Jim Chanos: ‘We are in the golden age of fraud’ – https://on.ft.com/39rOiHC via @FT
Once again failed by auditors and rating agencies (investment grade until last week). Wirecard fights for survival as it admits scale of fraud – https://on.ft.com/311vflw via @FT
Crossing the Rubicon: Ratings Inflation and The Fed’s Misguided Support for Speculative Grade Debt and CLOs https://www.linkedin.com/pulse/crossing-rubicon-ratings-inflation-feds-misguided-support-dubitsky
https://www.propublica.org/article/this-doctors-group-is-owned-by-a-private-equity-firm-and-repeatedly-sued-the-poor-until-we-called-them
Slowing exits lead to reduced carried interest payments. Is this indigestion from overpriced deals? Will it lead to markdowns? Yet Calstrs needs to keep feeding the Private Equity beast. https://www.penews.com/articles/calstrs-carried-interest-payments-to-private-equity-managers-fall-as-exits-slow-20191107
How America’s Oldest Gun Maker Went Bankrupt: A Financial Engineering Mystery Another example of how PE skills are really financial engineering not corporate reengineering. https://nyti.ms/2LgefBJ