Category: Privatization

In charts: how privatisation drained Thames Water’s coffers

In charts: how privatisation drained Thames Water’s coffers

On the dangers of privatising a critical service. And the UK has done it about as bad as you can imagine. Poor regulation combined with highly indebted water provider owned by private equity sowed the seeds for an epic disaster. https://www.theguardian.com/business/2023/jun/30/in-charts-how-privatisation-drained-thames-waters-coffers?CMP=Share_AndroidApp_Other

The Trump administration may privatize Fannie Mae and Freddie Mac — and it could disrupt the nation’s housing-finance system – MarketWatch

The Trump administration may privatize Fannie Mae and Freddie Mac — and it could disrupt the nation’s housing-finance system – MarketWatch

A fully privatized mortgage market will fundamentally change mortgage credit. The US is the only mortgage market in the world with a fixed rate for 30 years. It only works because most mortgages have no credit risk. Once you remove the govt guarantee you then have both credit risk and interest rate risk.  Investors facing …

+ Read More

Watchdog slams Grayling’s ‘costly’ probation changes

Watchdog slams Grayling’s ‘costly’ probation changes

Watchdog slams Grayling’s ‘costly’ probation changes What a surprise that Grayling has also made a hash of the Transportation Ministry. https://www.theguardian.com/society/2019/mar/01/watchdog-slams-extremely-costly-probation-changes?CMP=Share_AndroidApp_WordPress