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Appallng:
Last year, regulators issued a rule requiring #hedgefunds & #privateequity firms to better disclose how they spend investors’
-designed to prevent WS from stealing the retirement savings of public-sector workers. Then WS lobbyists got a Trump-packed court to block the disclosure rule. Now -often using investors’to finance execs’ private jet travel. Public pensions are largest investors in PE funds: “31.3% of all investors & contributing 67%” of the capital.
https://www.levernews.com/why-are-teachers-funding-billionaires-private-jets/
The Lever · Why Are Teachers Funding Billionaires’ Private Jets?Plus, Wall Street pretends it’s in Texas, Gordon Gekko gets rich off California workers, and the launch of Summer 2024’s blockbuster event.