This past week’s episode of Harry Shearer’s Le Show featured a discussion with Yves Smith, the financial expert and blogger from Naked Capitalism. The discussion centered on an explanation of private equity firms and hedge funds and how they have taken a certain portion of the economy hostage using “trade secrets.” Also, a fun topic explained is how private equity firms have bought up foreclosed homes and have been renting them out as an investment. And the fun way some of these firms plan on unloading their rental properties? Securitized investment products! Yeah, that’s right, the same idea behind… the 2008 financial crisis!
Its a good listen.
Episode Here: http://harryshearer.com/le-shows/june-29-2014/
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