Saturday, July 5, 2014

How A Few Wall-Street Backed Firms Manipulate The Entire US Housing Market

http://www.zerohedge.com/news/2014-07-02/how-few-wall-street-backed-firms-manipulate-entire-us-housing-market

Private equity firms are the ultimate smart money on Wall Street; they know how to wring out the last dime from their own clients, such as pension funds and rich individuals, through hidden fees, obscure expenses, elaborate expense shifting, lackadaisical disclosure, and “zombie advisers,” to the point where SEC Inspection Chief Andrew Bowden singled them out in a speech in May. Now the lawyers are circling.

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