Numbers 1 and 2 at the Federal Reserve came from Carlyle Group, which left bankruptcies in its wake

https://wallstreetonparade.com/2020/05/the-feds-chair-and-vice-chair-got-rich-at-carlyle-group-a-private-equity-fund-with-a-string-of-bankruptcies-and-job-losses/

 

The author acerbically comments on the various Federal Reserve bailout “facilities” in light of Chair Powell’s and Vice Chair Quarles’s having millions in personal Black Rock accounts and having participated in investments with the Carlyle Group that caused businesses to go bankrupt. They liken the Federal Reserve bailout of certain financial firms as mirroring failed Carlyle strategies. Also, he quotes a Washington Post story that Carlyle bought a chain of nursing homes, ran it into debt, bought its real estate and charged it exorbitant rent. This resulted in a squeeze on operating costs, leading to staff shortages and patients suffering and dying.

 

Charlie Cooper