‘Buy anything’ credit market gives private equity a big payday
IT’S the latest sign of leveraged mania hitting bondholders: Companies across Europe are piling on debt at the fastest pace in years to enrich their private-equity owners. The controversial practice known as dividend recaps is growing as investors gorge on every credit risk while sponsors extract income as they await the economic rebound. “If people […]
A Pandemic Dividend for Every American
All citizens deserve a share of the wealth that’s being disbursed to save the economy from Covid-19’s ravages. With vaccinations underway and the Biden administration about to assume power, attention will soon return to an assessment of the true damage that Covid-19 has wreaked on the American economy. At this moment, it’s important to take […]
