The Business Roundtablereleasedan overarching purpose of a corporation, intended to soften the several decade old myth that capitalism solves all societal problems. Workers experienced income erosion as captains of industry personally took every piece of the growing economic pie. The statement included language to counter this longtime phenomena.

Three private equity underwriters (PEU) inked their signature, representing The Carlyle Group, Silver Lake and Vista Equity Partners. The greed and leverage boys symbolize the worst of management and their ilk has exploded in the new millennium. Many were founded in the 1980s and 90s but their impact has been widely felt under the Presidencies of George W. Bush, Barack H. Obama and Donald J. Trump.

Wall Street, the original greed and leverage boys, is well represented on the Business Roundtable statement, as are the accounting firms that enabled off balance sheet obligations.

Paying taxes was not listed as a corporate responsibility. Many companiesthat paidno federal income taxes in 2018 were signatories to the Business Roundtable statement.

I smell a public relations effort to spin corporations as worthy of government bailout money should the economy tank. Ive been wrong before and will be again but my nose if often accurate.

Stephen Colbert hosted former private equity underwriter (PEU) Rahm Emanuel on

. The pair talked about the Democratic Debates. Rahm said Republicans fall in line while Democrats fall in love.

PEU Wasserstein Peralla freed Rahm to talk love by paying him $18 million in Emanuels first Wall Street gig. Emanuel recentlyjoinedformer Treasury Secretary and Glass-Steagall destroyer Bob Rubin at Centerview Partners. Centerviewadvisedmany PEUs on buyout deals.

As President Obamas Chief of Staff Rahm catered to the PEU class. Hedinedwith Carlyle Group co-founder David Rubenstein at the Blue Duck Tavern. Carlyle was Emanuels 16th biggest donor for his 2008 Congressional campaign.

Rahms appearance on The Late Show came after host Stephen Colbert imitated Presidential Candidate Bernie Sanders.

Oddly, the billionaire class is who Rahm Emanuel serves. That wasnt the topic of Colberts interview. It was the subject of guests the evening before.

Complex organizational relationships exist in the PEU world between affiliate and sponsor. Below is an image from Energy Future Holdings bankruptcy filing.

Democrats fell in love with money and power under Presidents Bill Clinton and Barack Obama. Both catered to the PEU class as did Rahm Emanuel.

Press hating Emanuel will have a media platformcourtesy of

. Watch for the bear hug and pivot toward what the greed and leverage boys desire. Thats Democratic love in action.

Carlyle Group co-founder David Rubensteins raised his children to be private equity underwriters (PEU). Daughter Elle Rubenstein founded Manna Tree Partners, after co-founding Pt Capital with her mother Alice Rogoff Rubenstein.

Elle was 25 when sheco-foundedPt Capital. Sister Alexaworks forDeclaration Partners,managerof the Rubenstein family fortune.

Manna Tree Partners invests in healthy food companies, often taking a minority stake. Vital Foods, Manna Treesfirst investment, is an ethical producer of eggs and butter. Bloombergreported:

we would look to, said Matt OHayer, who started Vital Farms in 2007. Mission is really important to us. Ellie was really focused on good-for-you foods and sustainable agriculture, all the things we are about, and that made a big difference.

Yet, father and Carlyle Group co-founder David Rubenstein owns 10% of Manna Tree Partners. Ex-wife and mother of his children Alice Rogoff said all Rubenstein cares about is money. Also, David Rubenstein expects huge returns on any equity stake.

Rubenstein jokes about missing Facebook and Amazon. Through Manna Tree he can profit handsomely off plant based food, a target for his daughters new PEU.

Even though most healthy food founders wont sell to Carlyle, theyre willing to sell to Carlyles daughter. Sounds like a bad movie.

Milken Publishes Reinhardt Chapter on Healthcare Costs

Milken Instituteexcerpteda chapter from Princeton Professor Uwe Reinhardtsposthumouslypublished book,

Priced Out: The Economic and Ethical Costs of American Health Care

Reinhardt profited from excessive administrative costs via his stock ownership in Triad Hospitals, an operator of for-profit hospitals.

He received just over $2 million for hisTriad shares. Five years later Uwe got another $2 million from hisAmerigroup shares.

Reinhardtserved onother for-profit healthcare corporate boards, including healthcare investment advisor Tekla. The Princeton professor profited handsomely from Americas administrative cost heavy healthcare system. That should be kept in mind as his work is considered.

CBS This Morning Offers PEU Rubenstein as Salve

The media called upon Carlyle Group co-founder David Rubenstein to calm investor fears the day after an 800 point fall in the Dow Industrial average.

interviewedprivate equity underwriter (PEU) Rubenstein.

The greed and leverage boys loaded affiliates with huge debt, some of which fundied sponsor dividends. PEU ownershipcauses10 times greater bankruptcies over the decade long study period.

Ive experienced PEU ownership again this last year. Our greedy owners slashed staffing, cut benefits and eliminated many unique services that our customers appreciated.

Not one anchor challenged Rubenstein as a perpetrator of financial pain or a contributor to a looming recession Carlyle Capital Corporation packaged mortgage backed securities and sold the investment as safe. Debt loaded CCC was the canary in the coal mine for the Fall 2008 Financial Crisis. Rubensteins firmloadedCCC had 32:1 debt to equity.

Carlyle offered to sell shares of stock in the fund by knowingly or negligently representing that, among other things, the fund was

conservative, low risk and that the downside [was] very limited.

Take anything the PEU boys say with ashaker fullof salt.

PEU Ownership Leads to Affiliate Bankruptcies

Deal fees, management fees, dividend bleeding, debt bloating and asset stripping are signature PEU moves that drain valuable capital from affiliates and place them in a precarious financial position in any downturn.

Carlyles Rubenstein Interviews Sec. of State Pompeo

Two weeks after The Carlyle Groupwageredon naval conflict by buying two shipbuilders Carlyle co-founder David Rubenstein interviewed Secretary of State Mike Pompeo, President Trumps chief diplomat. The pairtalkedabout a number of world hotspots that could erupt into war on the seas.

The Carlyle Group has a history of war profiteering and stands ready to do so again. Diplomacy can take the world away from armed conflict or drive nations to war.

Pompeo made it clear he does his boss bidding. Fellow advisor Hawk John Bolton has met a war he didnt love.

Carlyles tea leave readingsaysnaval conflict is coming, something Mr. Rubenstein failed to disclose.

I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But

people on the inside dont listen to them

. Insiders, however, get lots of access and a chance to push their ideas. People powerful people listen to what they have to say. But insiders also understand one unbreakable rule: They

I really cant say enough how much I enjoy your commentary on

. You manage to dig into the details and sum it up in a way that is so succinct and entertaining.-

When Tim Geithner, the former Treasury secretary, takes over as president of Warburg Pincus, the private-equity firm, even a high-school dropout can discern a pattern.-

As income and wealth rises to the top, so does political power.

Broke $100 Billion Under Management (April 2011) Exceeded $150 billion (July 2011) now over $200 billion

When something starts to stink, its good to find out whats rotting. Oftentimes, its truth decay. Does the world become a dark comedy as you age? Was it always that way and I just noticed?

Milken Publishes Reinhardt Chapter on Healthcare C…

CBS This Morning Offers PEU Rubenstein as Salve

PEU Ownership Leads to Affiliate Bankruptcies

Carlyles Rubenstein Interviews Sec. of State Pomp…

PEU Paladin to Close Philadelphia Safety Net Hospi…

Latest PEU Bankruptcy Perkins Restaurant and Marie…

The Business Roundtable released an overarching purpose of a corporation, intended to soften the several decade old myth that capitali…

WBH Energy Partners LLC in Chapter 11 Bankruptcy

Reuters reported : WBH Energy, one of many tiny shale oil and gas producers in Texas, has filed for bankruptcy protection , becoming …

Stephen Colbert hosted former private equity underwriter (PEU) Rahm Emanuel on The Late Show . The pair talked about the Democratic Debat…

Disruption made big profits for The Carlyle Group when it correctly read market geography. It cost Carlyle big when affiliates experience…

Carlyle Group co-founder David Rubensteins raised his children to be private equity underwriters (PEU). Daughter Elle Rubenstein fo…

CBS This Morning Offers PEU Rubenstein as Salve

The media called upon Carlyle Group co-founder David Rubenstein to calm investor fears the day after an 800 point fall in the Dow Industr…

CalPERS Doesnt Know about Twelve Year PEU Investment

NYT reported : J. J. Jelincic, a member of the California Public Employees Retirement System board since 2010 , has often raised the…

Hunter Biden & The Carlyle Group: Ukrainian Gasbags

Business Insider reported : Hunter Biden, the youngest son of Vice President Joe Biden, has been appointed to the board of directors …

Milken Publishes Reinhardt Chapter on Healthcare Costs

Milken Institute excerpted a chapter from Princeton Professor Uwe Reinhardts posthumously published book, Priced Out: The Economic…

Carlyles Rubenstein Interviews Sec. of State Pompeo

Two weeks after The Carlyle Group wagered on naval conflict by buying two shipbuilders Carlyle co-founder David Rubenstein interviewed S…