What’s Behind It? Can You Say, “Financial Arbitrage?” “After a period when cheap mortgages were too available, the pendulum has swung too far; a lack of finance is holding the economy back. The clearest evidence is the growing number of lower and middle-income families paying rents to the private-equity firms that own their homes at rates...Read More
Taxing (Wall Street) Labor at Capital Gains Rates: “Heads I Win, Tails I Don’t Lose” Of all the disingenuous, self-serving, cockamamie lies arguments served up by the leveraged buyout — er, private equity — crowd to protect the (very) favorable tax treatment on their labor (called “carried interest”), the one that rankles the most is...Read More
