Wall Street Excess: Government Sponsored

You hear about the multimillion dollar annual bonuses given to Wall Street employees?

That’s your money.

The most popular form of paying private equity firms is a concept called “2 and 20”. What it means is that these firms get 2% of the total investment each year AND 20% of the profits. No self respecting private business owner or manager would ever agree to such obscene terms.… read more “Wall Street Excess: Government Sponsored”

Frida is Racist

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Frida and I are sitting in the apartment buildings media room. She started growling and barking at the window so i thought there would be another dog or something…

Instead I look out the window and there is a little black boy playing chess with his father.