How Major Investment Firms Buy Their Way Out of Bad Press
Most people assume the financial news they watch is independent. What I uncovered back in 2005 should make every investor think twice before trusting what they see on TV.
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Most people assume the financial news they watch is independent. What I uncovered back in 2005 should make every investor think twice before trusting what they see on TV.
The financial media loves parading so-called experts on TV to give stock picks and generate debate. But when you actually check their track records, the picture gets ugly fast.
The financial media isn’t failing you by accident. It’s failing you by design, and the advertising contracts that Wall Street firms sign with major networks are the reason you never get the full story.
The Fauci Diaries are out, and almost nobody in mainstream media is covering them seriously. I’ve gone through this material, and what’s in there is heartbreaking but not the least bit surprising to anyone who’s been paying attention.
The Wall Street Journal ran a front-page piece outraged that Americans used legal retirement accounts to build serious wealth. Nobody broke a law, nobody cheated anyone, but apparently getting rich the right way is now a scandal.
Private equity’s dirty secret is finally making headlines, and I’ve been warning about this for years. Over $348 billion in U.S. private equity assets are now trapped in funds past their expiration date, and the investors who bought in are the ones left holding the bag.
Wall Street’s biggest firms are posting record trading revenues, and everyone seems to be celebrating. I’m not celebrating, and after I explain what’s really going on, you won’t be either.
Wall Street is at it again, bundling illiquid private assets into investment-grade bonds backed by insurance wrappers, and calling it innovation. I’ve seen this movie before, and I know exactly how it ends.