Podcast appearances and mentions of Gretchen Morgenson

What happened to Jo-Ann (the massive fabric/craft store chain)?  In many places, it was the only game in town.  It had a captive audience.  And sewing and mending are on the rise.   So Amanda set out to find out who killed Jo-Ann.  It's a lot more complicated than you think! In this episode we take a journey full of twists and turns:Was it just private equity? And WTF is private equity anyway?What do Jo-Ann and Red Lobster have in common? Unfortunately it's not Cheddar Bay Biscuits.How has society's relationship with sewing changed over the last 80 years?Who is Faith Popcorn and why is Amanda obsessed with her?Where are the mechanized hugging booths?Does anyone remember Cargo Express?Where did Jo-Ann's leadership go wrong?How would Amanda "save" Jo-Ann?What is the future of fabric stores? And how are we all a part of it?So many sources and so many links for this episode.First: some suggested fabric stores from Amanda:Firecracker FabricsL'Etoffe FabricsNacho Ann's FabricsMake & MendCheck out Oddly Specific with Meredith Lynch Sources and additional reading:"How private equity rolled Red Lobster," Gretchen Morgenson, NBC News."How trend forecasting keeps the biggest brands on top," Peter Firth, City AM."Faith Popcorn's predictions five years later," Patrick Kevin Day, Los Angeles Times."The Essence of Cocooning," Beth Ann Krier, Los Angeles Times."Cloth World stores sold to chain," Alan Goldstein, Tampa Bay Times."Fabri-Centers Agrees to Pay $3 Million to Settle Charges," Leslie Eaton, The New York Times."Staff Said The Free Mask Kits At Jo-Ann Fabrics Are Just Scraps From The Clearance Bin," Amber Jamieson, Buzzfeed."Did private equity kill Joann fabrics?" Sam Becker, Fast Company."How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster," Lila Maclellan, Fortune."Sixty-seven years of fabrics and crafts," Janet H. Cho, The Plain Dealer."Sixty Years of Serving Creativity," Marsha McGregor.Get your Clotheshorse merch here: https://clotheshorsepodcast.com/shop/If you want to share your opinion/additional thoughts on the subjects we cover in each episode, feel free to email, whether it's a typed out message or an audio recording:  amanda@clotheshorse.worldDid you enjoy this episode? Consider "buying me a coffee" via Ko-fi: ko-fi.com/clotheshorseClotheshorse is brought to you with support from the following sustainable small businesses:The Pewter Thimble Is there a little bit of Italy in your soul? Are you an enthusiast of pre-loved decor and accessories? Bring vintage Italian style — and history — into your space with The Pewter Thimble (@thepewterthimble). We source useful and beautiful things, and mend them where needed. We also find gorgeous illustrations, and make them print-worthy. Tarot cards, tea towels and handpicked treasures, available to you from the comfort of your own home. Responsibly sourced from across Rome, lovingly renewed by fairly paid artists and artisans, with something for every budget. Discover more at thepewterthimble.comSt. Evens is an NYC-based vintage shop that is dedicated to bringing you those special pieces you'll reach for again and again. More than just a store, St. Evens is dedicated to sharing the stories and history behind the garments. 10% of all sales are donated to a different charitable organization each month.  New vintage is released every Thursday at wearStEvens.com, with previews of new pieces and more brought to you on Instagram at @wear_st.evens.Deco Denim is a startup based out of San Francisco, selling clothing and accessories that are sustainable, gender fluid, size inclusive and high quality--made to last for years to come. Deco Denim is trying to change the way you think about buying clothes. Founder Sarah Mattes wants to empower people to ask important questions like, “Where was this made? Was this garment made ethically? Is this fabric made of plastic? Can this garment be upcycled and if not, can it be recycled?” Signup at decodenim.com to receive $20 off your first purchase. They promise not to spam you and send out no more than 3 emails a month, with 2 of them surrounding education or a personal note from the Founder. Find them on Instagram as @deco.denim.Vagabond Vintage DTLV is a vintage clothing, accessories & decor reselling business based in Downtown Las Vegas. Not only do we sell in Las Vegas, but we are also located throughout resale markets in San Francisco as well as at a curated boutique called Lux and Ivy located in Indianapolis, Indiana. Jessica, the founder & owner of Vagabond Vintage DTLV, recently opened the first IRL location located in the Arts District of Downtown Las Vegas on August 5th. The shop has a strong emphasis on 60s & 70s garments, single stitch tee shirts & dreamy loungewear. Follow them on instagram, @vagabondvintage.dtlv and keep an eye out for their website coming fall of 2022.Country Feedback is a mom & pop record shop in Tarboro, North Carolina. They specialize in used rock, country, and soul and offer affordable vintage clothing and housewares. Do you have used records you want to sell? Country Feedback wants to buy them! Find us on Instagram @countryfeedbackvintageandvinyl or head downeast and visit our brick and mortar. All are welcome at this inclusive and family-friendly record shop in the country!Located in Whistler, Canada, Velvet Underground is a "velvet jungle" full of vintage and second-hand clothes, plants, a vegan cafe and lots of rad products...

The House passed a budget plan that likely would result in major cuts to the Medicaid program. But the plan now faces a battle in the Senate, where even Republicans seem reluctant to dramatically reduce a health program that covers roughly 1 in 5 Americans. Meanwhile, federal judges and the Trump administration continue to differ over whether the administration has the authority to unilaterally cancel programs approved and funded by Congress and to fire federal workers. Alice Miranda Ollstein of Politico, Shefali Luthra of The 19th, and Victoria Knight of Axios join KFF Health News chief Washington correspondent Julie Rovner to discuss these stories and more. Plus, for “extra credit,” the panelists suggest health policy stories they read this week that they think you should read, too: Julie Rovner: WBUR's “Canceled Meetings and Confusion: NIH Grant Funding in Limbo Despite Court Injunction,” by Anna Rubenstein. Alice Miranda Ollstein: The Transmitter's “Exclusive: NIH Appears To Archive Policy Requiring Female Animals in Studies,” by Claudia López Lloreda. Victoria Knight: KFF Health News' “With RFK Jr. in Charge, Supplement Makers See Chance To Cash In,” by Arthur Allen. Shefali Luthra: NBC News' “They Were Told To Get Extra Breast Cancer Screenings. Then They Got Stuck With the Bill,” by Gretchen Morgenson. Hosted on Acast. See acast.com/privacy for more information.

Host Marcia Franklin talks with Pulitzer Prize-winning journalist Gretchen Morgenson, then a financial editor and columnist at the New York Times who covered the country's financial crisis since its inception. They discuss the federal government's push to increase home ownership, which Morgenson sees as the underpinning of the financial collapse. The two also talk about various taxpayer-funded bailouts of companies such as AIG, and whether Morgenson sees any light at the end of the tunnel for the slumping economy. Before moving to The Wall Street Journal in November 2017, Morgenson was assistant business and financial editor at the New York Times since May 1998. Prior to that she was assistant managing editor at Forbes magazine. She was also the press secretary for the Forbes for President campaign. In 2002, she won a Pulitzer Prize for her coverage of Wall Street. Don't forget to subscribe to the podcast and visit the Dialogue website for more conversations that matter!  Originally Aired: 09/10/2009 The interview is part of Dialogue's series, “Conversations from the Sun Valley Writers' Conference,” and was taped at the 2009 conference. Since 1995, the conference has been bringing together some of the world's most well-known and illuminating authors to discuss literature and life.

When we talk about the "markets", most people immediately think of publicly traded financial assets: the S&P and Nasdaq indices, stocks of popular companies like Microsoft & Nvidia, their corporate bonds, etc. We can see the prices of these assets, and how they change minute-by-minute, on the public exchanges. We receive audited financial statements from these companies, as well as quarterly updates on their operating results & forecasts from their executive management. But there's also a massive amount of capital invested in private companies, where there is FAR less transparency, and many would claim, oversight. Today's guest expert, Pulitizer-prize winning & NYTimes best-selling investigative journalist Gretchen Morgenson, along with her co-author Joshua Rosner, has shined much-needed daylight into these private markets through their recent book: "These Are the Plunderers: How Private Equity Runs―and Wrecks―America" I spoke to her last year when the book first came out. We discussed its central claim that a small cohort of elite financiers -- and their government enablers -- use excessive debt and dubious practices to undermine our nation's economy for their own enrichment. Today we sit down with her for an update. Has anything changed, for the worse or the better, since her book came out? Follow Gretchen at nbcnews.com WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #privateequity #privatecredit #leveragedbuyouts --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

What happens when private equity infiltrates the world of business? Join us as we uncover the truth with Gretchen Morgenson, a veteran financial journalist who transitioned from stockbroker to investigative reporter. Gretchen shares her unique journey and provides a deep dive into the evolution of financial journalism. We discuss how the democratization of the stock market has changed the landscape and the critical challenges posed by a decline in investigative reporting.In this thought-provoking episode, we tackle the predatory practices of private equity, using real-world examples such as Red Lobster and Noranda to illustrate the devastating impact on businesses and communities. Discover how asset stripping and leveraging companies with debt can lead to financial ruin, burdening businesses with insurmountable debts and forcing them into bankruptcy. We also delve into the complexities of the high-yield junk debt market and the intriguing shift of riskier debt to private credit, questioning how this movement might be affecting public markets.Our conversation extends into the opaque world of private credit markets, where Gretchen shines a light on the urgent need for transparency and scrutiny. We explore her book, "These Are the Plunderers," co-authored with Josh Rosner, which uncovers the long-term consequences of private equity in sectors like healthcare. Shocking academic findings reveal the increased costs and mortality rates following private equity takeovers in healthcare settings. As we wrap up, we reflect on the current state of investigative journalism and discuss how to foster quality, narrative-driven reporting in an era where AI and entertainment-focused media dominate. Tune in for an enlightening discussion on the complexities and consequences of private equity.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

Tid er penger har hatt gleden av å ha Pulitzer Price-vinner journalist og forfatter Gretchen Morgenson som gjest for å fortelle den stygge sannheten som overskygger Private Equity-bransjen. Hun har gjort et dypdykk i historiene bak de gigantsike formuene og hvordan de har greid å kjøpe opp store deler av USA. Og bygget opp helt gigantiske gjeldsbyrder. Dette intervjuet ble første gang publisert i oktober 2023. Hosted on Acast. See acast.com/privacy for more information.

Jason welcomes Gretchen Morgenson as they discuss how private equity's surge into single-family homes is reshaping urban landscapes and pricing out regular investors and first-time home buyers. They highlight concerns about these firms prioritizing profit over property maintenance, creating a semi-monopoly in the market. The impact stems from massive capital injections, largely sourced from public pension funds seeking high returns. Private equity's historical roots in leveraged buyouts are discussed, noting the industry's evolution and its current reliance on institutional investors. The conversation touches on rising interest rates affecting the real estate model and potential challenges for private equity firms. In closing, Gretchen warns individual investors of the industry's growing interest in their capital.     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason welcomes Gretchen Morgenson as they discuss how private equity's surge into single-family homes is reshaping urban landscapes and pricing out regular investors and first-time home buyers. They highlight concerns about these firms prioritizing profit over property maintenance, creating a semi-monopoly in the market. The impact stems from massive capital injections, largely sourced from public pension funds seeking high returns. Private equity's historical roots in leveraged buyouts are discussed, noting the industry's evolution and its current reliance on institutional investors. The conversation touches on rising interest rates affecting the real estate model and potential challenges for private equity firms. In closing, Gretchen warns individual investors of the industry's growing interest in their capital.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason welcomes Gretchen Morgenson as they discuss how private equity's surge into single-family homes is reshaping urban landscapes and pricing out regular investors and first-time home buyers. They highlight concerns about these firms prioritizing profit over property maintenance, creating a semi-monopoly in the market. The impact stems from massive capital injections, largely sourced from public pension funds seeking high returns. Private equity's historical roots in leveraged buyouts are discussed, noting the industry's evolution and its current reliance on institutional investors. The conversation touches on rising interest rates affecting the real estate model and potential challenges for private equity firms. In closing, Gretchen warns individual investors of the industry's growing interest in their capital.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Roxanne Coady talks with Gretchen Morgenson author of These Are the Plunderers: How Private Equity Runs—and Wrecks—America Pulitzer Prize­­­–winning and New York Times bestselling financial journalist Gretchen Morgenson investigate the insidious world of private equity and reveal how it puts our entire economy and us at risk. Buy the book from RJ Julia How Private Equity Runs and Wrecks America - Gretchen Morgenson Sign up for our podcast newsletter Just The Right Book Subscription Promo Code (15% off): Podcast Email us at: podcast@rjjulia.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are doing Jen's favorite thing: following the big dirty money. This time the focus is on the world of private equity. Those two words together sound ever so restrained and elite, even contained.  In reality though the world of private equity is rough and destructive and affects all of us from patients seeking health care to workers losing their jobs. There are more than $10 trillion in private equity assets under management. And many public pension funds as well as ordinary members of the public are invested. Not private at all. Timing is everything. In early December, two U.S. senators launched a bipartisan investigation on the takeover of our nation's healthcare by giant private equity firms. Today on Booked Up we  have the top experts on this topic,Joining Jen to discuss this topic are authors Gretchen Morgenson and Joshua Rosner. Their new bestseller These Are the Plunderers: How Private Equity Runs—and Wrecks—America is a must-read for anyone and everyone who wants to understand why and how the rich get richer and the rest of us are struggling to make ends meet. You may recognize Gretchen and Josh from their first book, about the 2008 financial and related mortgage crisis. It was a great resource for me when I wrote about that dangerous period. Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.  Gretchen is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on Wall Street. Josh is managing director at independent research consultancy Graham Fisher and Co., advising regulators, policymakers, and institutional investors on banking and financial markets.  Contact Booked Up: You can email Jen & the Booked Up team at: BOOKEDUP@POLITICON.COM or by writing to:  BOOKED UP  P.O. BOX 147 NORTHAMPTON, MA 01061 Get More from Gretchen Morgenson Twitter | Website | Author of THESE ARE THE PLUNDERERS Get More from Josh Rosner Twitter | Website | Author of THESE ARE THE PLUNDERERS More from Jen Taub: Twitter | Money & Gossip  Substack | Author of BIG DIRTY MONEY 

You might know the historical fiction of Jennifer Vanderbes, but just wait until you read Wonder Drug: The Secret History of Thalidomide in America and Its Hidden Victims. Think thalidomide didn't affect mothers and children in this country? Think again. Wonder Drug is the hidden American story of thalidomide: yes, it did get to pregnant women and yes there were children born effected by phocomelia in this country. Although the system denied their existence for decades, this beautifully researched book tells their story, as well as the deeply disturbing truth about how this drug was distributed behind the backs of the FDA. Join us. Book mentioned in this week's episode: Wonder Drug: The Secret History of Thalidomide in America and Its Hidden Victims by Jennifer Vanderbes Easter Island by Jennifer Vanderbes The Secret of Raven Point by Jennifer Vanderbes Empire of Pain by Patrick Radden Keefe Tightrope: Americans Reaching for Hope by Nicholas D. Kristof and Sheryl WuDunn These are the Plunderers: How Private Equity Runs—and Wrecks—America by Gretchen Morgenson and Joshua Rosner Write for Your Life by Anna Quindlen Portrait of a Lady by Henry James Learn more about your ad choices. Visit megaphone.fm/adchoices

This is part 2 of Jason's interview with Gretchen Morgenson. Jason discussed the Atlanta Federal Reserve bank data and housing affordability issue in the US. He highlighted the potential impact of a predicted housing shortage despite a lower population growth projection from the Census Bureau. Jason also talked about the structural labor shortage and its impact on unemployment rates and wage inflation, attributing it to a supply and demand imbalance. He expressed optimism about the impact of technology on job creation and promoted the 'Empowered Investor Guides Program.' FireYourManagers.com Jason welcomes Gretchen back as they finish the interview. They discuss how private equity's surge into single-family homes is reshaping urban landscapes, pricing out regular investors and first-time home buyers. They highlight concerns about these firms prioritizing profit over property maintenance, creating a semi-monopoly in the market. The impact stems from massive capital injections, largely sourced from public pension funds seeking high returns. Private equity's historical roots in leveraged buyouts are discussed, noting the industry's evolution and its current reliance on institutional investors. The conversation touches on rising interest rates affecting the real estate model and potential challenges for private equity firms. In closing, Gretchen warns individual investors of the industry's growing interest in their capital. #PrivateEquity #RealEstateMarket #Investing #HousingCrisis #Finance #EconomicImpact #PensionFunds #PropertyOwnership #MarketTrends #CapitalAllocation   Key Takeaways: Jason's editorial 2:06 America's population statistics 11:11 Atlanta FED data 12:37 Affordability map 16:28 Peak of affordability 19:57 Affordability now 23:23 Ai and the new necessities 26:50 Empowered Investor Guide- 6 Zoom sessions coming up Gretchen Morgenson's interview part 2 27:48 Crowding out phenomenon 29:41 Where are they getting so much capital 31:46 Private equity timeline 33:54 How private equity will impact the real estate market 36:02 Getting hyper-focused on rents 39:37 Financing the single home purchases and it's cost of debt 41:01 What kind of capitalism do we want to have 42:33 Beware- they're coming for the individual investor   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

This is part 1 of Jason's interview with Gretchen Morgenson. Jason introduces author Gretchen Morgenson, as he talks about how private equity impacts and disrupts the American economy. He also mentions the wealth gap, control over businesses, and the challenges faced by the middle class. He emphasizes the significance of understanding past transactions, particularly during the COVID era, and highlights the housing shortage, attributing it to a lack of disruptive construction and transportation technologies. He also introduces a new strategy to increase cash flow and deposits, encouraging listeners to join a 6-week coaching program.  Then Jason welcomes Gretchen Morgenson, a Pulitzer prize award-winning journalist, as they talk about private equity. They discuss the impact of private equity on various businesses, including real estate, and Gretchen explained the model of private equity which uses heavy debt and aims for quick turnaround profits. They also touched on the secretive nature of the private equity industry, its significant presence in various sectors of the US workforce, and its effects on profit-focused business practices. The conversation ended with a warning about private equity firms entering the insurance business. #PrivateEquity #EconomicImpact #HousingShortage #InvestingStrategy Key Takeaways: Jason's editorial 1:23 The wealth gap 3:17 Jason's long overdue haircut 4:08 Travel in a time machine to "Yesterday" 9:20 What's the point? 10:20 Cheaper mortgage after a decade  11:38 The affordability issue 11:53 Empowered Other People's Money- Fireyourmanagers.com Gretchen Morgenson interview 13:58 Welcome Gretchen Morgenson 14:13 These are the plunderers- time pressure on leveraged companies 17:17 Leveraged loans and the size of the markets 19:20 Focussed on hyper-profitability 25:53 Private Equity in SFH real estate   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Gretchen Morgenson is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on Wall Street. Previously at The New York Times and The Wall Street Journal, she and coauthor Joshua Rosner have written a new book, These Are the Plunderers: How Private Equity Runs—and Wrecks—America. In the 1902 State of the Union Address, Theodore Roosevelt said, “Our aim is not to do away with corporations; on the contrary, these big aggregations are an inventible development of modern industrialism. We are not hostile to them; we are merely determined that they shall be so handled as to subserve the public good.” What would President Roosevelt have to say about private equity's recent interaction with healthcare? As private equity firms invest in everything from dermatology practices to emergency room staffing companies, the impacts are not always obvious. Gretchen Morgenson's new book, excellently researched and compiled, examines private equity influence in America. You will be surprised by the findings. https://www.simonandschuster.com/books/These-Are-the-Plunderers/Gretchen-Morgenson/9781982191283 Learn more about the American Association for Physician Leadership at www.physicianleaders.org

Gretchen Morgenson is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on Wall Street. Previously at The New York Times and The Wall Street Journal, she and coauthor Joshua Rosner have written a new book, These Are the Plunderers: How Private Equity Runs—and Wrecks—America.   In the 1902 State of the Union Address, Theodore Roosevelt said, “Our aim is not to do away with corporations; on the contrary, these big aggregations are an inventible development of modern industrialism. We are not hostile to them; we are merely determined that they shall be so handled as to subserve the public good.” What would President Roosevelt have to say about private equity's recent interaction with healthcare?   As private equity firms invest in everything from dermatology practices to emergency room staffing companies, the impacts are not always obvious. Gretchen Morgenson's new book, excellently researched and compiled, examines private equity influence in America. You will be surprised by the findings.   Learn more about the American Association for Physician Leadership at www.physicianleaders.org

Det er av mange ansett for å være den beste traden noensinne, og i et intervju med Tid er penger forteller Paolo Pellegrini om hvordan han gikk frem for å konstruere denne. En fantastisk interessant og viktig historie, som de fleste ikke har hørt, fra mannen som konstruerte hele greia. Dette er Patreon-episoden vi har publisert i dag:  Tid er penger har hatt gleden av å ha Pulitzer Price-vinner journalist og forfatter Gretchen Morgenson som gjest for å fortelle den stygge sannheten som overskygger Private Equity-bransjen. Hun har gjort et dypdykk i historiene bak de gigantsike formuene og hvordan de har greid å kjøpe opp store deler av USA. Og bygget opp helt gigantiske gjeldsbyrder. Tid er pengers Patreon-episoder er nå tilgjengelig på Spotify. Alt du trenger å gjøre for å få tilgang er å logge klikke på hengelåsen og logge inn på din Patreon-konto via Spotify en gang. Etter det, er alle episoder åpne. Bli med på Patreon her. See omnystudio.com/listener for privacy information.

David takes on Gretchen Morgenson's horrific new book, "These Are the Plunderers," an embarrassing assault on private equity (though now published thanks to private equity, hysterically enough). Understanding the innovation of private equity and its net benefit to society is facilitated by some general understanding of financial vocabulary, a deeper appreciation for private property and the rule of law, and, of course, the adoption of first principles that embrace risk and always ask the question, “Compared to what?”

We talk frequently on this channel of the dangerous and worsening wealth gap between the rich and the rest of society. If as a regular individual investor you feel the playing field of today's financial system is unfairly tilted away from your interests and towards those of the already-wealthy, today's expert would say you're absolutely right. To delve into this topic more deeply, we sit down with Pulitizer-prize winning & NYTimes best-selling investigative journalist Gretchen Morgenson. Gretchen is renown for her groundbreaking reporting on the financial markets, with a particular focus on the way in which they are too often abused by Wall Street power players. Today, we'll discuss the key takeaways from her new book "These Are the Plunderers: How Private Equity Runs―and Wrecks―America" which was recently published and is already a Wall Street Journal bestseller. Gretchen, along with her co-author Joshua Rosner, expose the world of private equity as "insidious", claiming that a small cohort of elite financiers -- and their government enablers -- use excessive debt and dubious practices to undermine our nation's economy for their own enrichment. To learn how, we hear from Gretchen herself. You can follow Gretchen's work at nbcnews.com #investing #moneymistakes #moneymanagement ************************************************* IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

Gretchen Morgenson, the senior financial reporter for the NBC News Investigative Unit, and the co-author of These Are the Plunderers: How Private Equity Runs—and Wrecks America, joins Scott to discuss her thoughts on how private equity impacts parts of the economy, and why she thinks it's problematic. Follow Gretchen on Twitter, @gmorgenson.  Scott opens with his thoughts on the latest branding failure: “bid adieu to the bird” Algebra of Happiness: are you a protector?  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bloomberg Radio host Barry Ritholtz speaks with Gretchen Morgenson, senior financial reporter for the NBC News investigative unit. A former stockbroker and alumna of the New York Times and Wall Street Journal, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on finance. She and coauthor Joshua Rosner recently published “These Are the Plunderers: How Private Equity Runs ― and Wrecks ― America.” They also wrote the 2011 bestseller “Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon,” about the mortgage crisis.See omny.fm/listener for privacy information.

Ralph welcomes Pulitzer Prize winning reporter, Gretchen Morgenson, co-author of “These Are the Plunderers: How Private Equity Runs – And Wrecks – America,” where they name names in this “heads we win, tails you lose” system of predatory capitalism.Gretchen Morgenson is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on Wall Street. Previously at the New York Times and the Wall Street Journal,” she and coauthor Joshua Rosner wrote the bestseller Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon about the mortgage crisis. Their latest book is These Are the Plunderers: How Private Equity Runs—and Wrecks—America.The way corporate criminals get their way is by trying to make things too complex and too abstract for your daily lives. But when Gretchen [Morgenson] talks about these plunderers, and let's call them “predatory capitalists”, don't think that you're not being affected— whether your loved ones are patients in nursing homes, whether you're workers being laid off, whether you're consumers being gouged for drug or healthcare prices, whether your community's going to be hollowed out because the company that was doing okay was taken over by these vultures and closed down after they extracted the wealth.Ralph NaderIt's interesting now that David Rubenstein is retired [from the Carlyle Group], he's a philanthropist. This is what these wealthy people do once they've finished their careers and made so much money. They become philanthropists… We've all read about David Rubenstein and Steve Schwarzman and Leon Black and Henry Kravis. We read about them constantly. They are always lauded for their brilliance and their billionaire status. What we just don't hear about are the people on the other side of their transactions.Gretchen Morgenson, co-author of “These Are The Plunderers.”The disappointing thing about the Justice Department is that when they bring these cases against the companies that are doing Medicare fraud (like in the Manor Care situation), they don't move up the corporate ladder to the owner of the company. The Justice Department does the work on the particular company that is owned by private equity, but they don't go up the ladder. And that has a way of allowing the firms—like Carlyle in the Manor Care case— to escape scrutiny and to escape accountability. So that would be an ideal thing to change.Gretchen Morgenson co-author of “These Are The Plunderers.”In Case You Haven't Heard 1. Amid the debt limit fight, progressives are calling for President Biden to invoke the 14th amendment, which they believe would allow Biden to bypass the Republican House and raise the debt limit without concessions like adding further work requirements to public benefits. In a press conference by the Senate progressives, John Fetterman of Pennsylvania said "This is the whole reason why the 14th Amendment exists, & we need to be prepared to use it. And, if our unelected Supreme Court Justices try to block the use of the 14th amendment and blow up our economy, that's on them.” However, POLITICO reports that the administration is privately telling progressives to stand down. Instead, the White House seems more interested in negotiating with Speaker McCarthy, even if that means caving to outrageous Republican demands.2. As the Writers Guild strike grinds on – at a cost of $30 million per day according to Deadline – the  Screen Actors Guild is now on the verge of their own strike. Last week, SAG-AFTRA's National Board voted unanimously to ask members for strike authorization, and the Daily Beast reported that SAG-AFTRA president Fran Drescher urged members to “make three a charm with an emphatic ‘yes' for a strike authorization vote!” adding that to do so would be “an unprecedented show of solidarity.” An actor's strike against the studios has not happened since 1980.3. Last week, Senator Bernie Sanders introduced the Healthy Families Act of 2023, which would guarantee 12 weeks of paid family and medical leave. This bill features a companion in the House, led by Rep. Rosa DeLauro, and carries the support of 122 members of the House and Senate. Sanders is quoted saying “It is time to end this absurdity...It is time Congress passed this legislation to ensure workers receive the basic dignity and benefits that they deserve.” The introduction of this legislation comes on the heels of the reintroduction of a Medicare for All bill in this Congress.4. A damning new report in the Wall Street Journal indicates that “Jeffrey Epstein discovered that Bill Gates had an affair with a Russian bridge player” and later used this knowledge to attempt to threaten the Microsoft co-founder. The report goes on to say that “at the time, Epstein was trying to set up a multibillion-dollar charitable fund with JPMorgan...[which] hinged on securing support from Gates.” When this money was not forthcoming, Epstein resorted to blackmail. This gives the public our clearest idea yet as to the nuts and bolts of the Epstein criminal enterprise.5. POLITICO is reporting on a rumor concerning Senator Dianne Feinstein, Representative Adam Schiff, and the Pelosi family. The former Speaker herself has endorsed Schiff in the upcoming California Senate primary and has long groomed him as a political protege. He currently holds a $15 million advantage over his nearest opponent. Yet, if Feinstein – who has appeared deeply addled in recent public appearances – were to resign, Governor Newsom would have the opportunity to appoint a Senator to the vacant seat, and has pledged to appoint a Black woman. Rep. Barbara Lee, a progressive Black congresswoman representing the Bay Area, is among the candidates to replace Feinstein, and would therefore have a strong chance of being appointed. Per the report, Nancy Corinne Prowda, Pelosi's eldest child, is a top aide to Senator Feinstien, and a “Pelosi family confidant” insinuated that she is angling to keep Feinstein in her seat, not for the benefit of Californians, but for the benefit of Adam Schiff.  6. The LA Times reports that “Nearly three dozen deputies have been ordered to come in for questioning, show their tattoos and give up the names of any other deputies similarly sporting ink connecting them to…the Los Angeles County Sheriff Department's…deputy gangs.” This demand came in a letter from county Inspector General Max Huntsman to 35 deputies suspected of being members of either the Executioners or the Banditos, two of the most notorious among these police gangs. Huntsman is quoted saying “The Los Angeles Sheriff's Department conducted incomplete internal affairs investigations into the Banditos and Executioners, failing to identify all members…California's new gang law addresses discrimination based on race and gender and gives inspectors general enhanced authority to collect evidence. We're using that authority to complete the investigations by directing deputies to show their tattoos and tell us who else has them.”7. The Sierra Club is currently in the midst of a labor battle. The New Republic reports that, in an attempt to resolve their budget shortfall, the group has announced “massive layoffs,” the scale of which still remains unclear.  This announcement set off a “fractious battle” between the top leadership and the Progressive Workers Union, which has two bargaining units representing nearly 400 Sierra Club employees around the country. Thus far union has filed two unfair labor practice charges with the National Labor Relations Board; the first “accuses the Club of failing to provide necessary information for bargaining,” and another alleging that “management is violating its collective bargaining agreement and is bargaining in bad faith.”8. Democracy Now! reports that conservative, US-backed Ecuadoran president Guillermo Lasso has “dissolved the opposition-led National Assembly in a move widely seen as an effort to block efforts to impeach him.” Lasso dissolved the assembly as it held its first hearing on corruption and embezzlement allegations against Lasso. Lasso invoked a never-before-used constitutional power allowing him to “rule by decree” until new elections are held.9. In an almost unbelievable story, Live Science is reporting that Orcas have “sunk 3 boats in Europe and appear to be teaching others to do the same.” The piece goes on to say that scientists believe the attacks are coordinated, and began following an orca experiencing a "critical moment of agony." Further, they believe “the behavior is spreading among the population through social learning.” This is a stark reminder that we as a species impact our environment and that, sometimes, there are consequences. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

For more than a year, Ukraine has defied predictions with its resistance, but senior leaders – including the country's defense minister – are now trying to manage expectations for a much-anticipated counteroffensive. The key, of course, is support from nations like the US, but there is a sense the NATO alliance is calling for visible results before providing more weapons. Former Virginia Governor Terry McAuliffe is a longstanding friend of President Biden and has just traveled to close to the frontlines in Ukraine. He joins the show from Kyiv.  Also on today's show: Ali Vaez, Director of Iran Project, International Crisis Group; Gretchen Morgenson, Co-author, “These Are the Plunderers” To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Josh Rosner, Managing Director at Graham Fisher & Co, and Gretchen Morgenson, Senior Financial Reporter for NBC News, discuss their book These-Are-the-Plunderers: How Private Equity Runs—and Wrecks America.Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Josh Rosner, Managing Director at Graham Fisher & Co, and Gretchen Morgenson, Senior Financial Reporter for NBC News, discuss their book These-Are-the-Plunderers: How Private Equity Runs—and Wrecks America.Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Financial journalist Gretchen Morgenson explains how private equity firms buy out companies, then lay off employees and cut costs in order to expand profits. Her new book is These are the Plunderers.Also, jazz critic Kevin Whitehead remembers pianist Ahmad Jamal.

Financial journalist Gretchen Morgenson explains how private equity firms buy out companies, then lay off employees and cut costs in order to expand profits. Her new book is These are the Plunderers.Also, jazz critic Kevin Whitehead remembers pianist Ahmad Jamal.

About a third of ER doctors now work for companies backed by private equity. A lot of those docs do not like the arrangement, which they say puts profits ahead of patients. Now, a group of ER docs are suing to kick one of those private-equity owned companies out of their hospital-- and all of California. They see it as the first step in a long, long fight. The suit cites California's ban on the “corporate practice of medicine” — which is supposed to outlaw situations where non-doctors tell doctors what to do, for profit. Which raises a question: How did it get left to a group of doctors to get that law enforced? We break it down, with help from:Dr. Lisa Moreno, immediate past president of the American Academy of Emergency Medicine which filed the lawsuit.Law professor Erin Fuse Brown, who has written about private equity's growing role in medicine.Legendary financial reporter Gretchen Morgenson, now at NBC News, who has been reporting on private equity's role in medicine since 2020, and whose reporting tipped us off to this lawsuit. And while you're here, why not:Subscribe to our newsletterSend stories and questions: https://armandalegshow.com/contact/ or call 724 ARM-N-LEGAnd of course we'd love for you to support this show. See acast.com/privacy for privacy and opt-out information.

Gretchen Morgenson is the senior financial reporter in the Investigations unit at NBC News, a position she assumed in December 2019.Previously, Ms. Morgenson spent two years as an investigative reporter at The Wall Street Journal and almost 20 years as assistant business and financial editor and columnist at The New York Times. She won the Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street in The Times.Ms. Morgenson began her career in 1976 upon graduation from St. Olaf College in Northfield, Minnesota. She joined Vogue Magazine as an editorial assistant and began writing the personal finance column for the magazine several years later. In 1981 she became a stockbroker at Dean Witter, a job she held for three years. Ms. Morgenson joined Money Magazine as a staff writer in 1984 and moved to Forbes in 1986. She was named assistant managing editor at the magazine in September 1997.Ms. Morgenson is co-author, with Joshua Rosner, of Reckless Endangerment, a New York Times bestseller about the origins of the 2008 financial crisis published in May 2011 by Times Books. Ms. Morgenson has won two Gerald Loeb Awards, one in 2009 for her coverage of Wall Street and another in 2002 for excellence in financial commentary. Ms. Morgenson has also served on two Pulitzer Prize juries, evaluating investigative reporting entries in 2009 and 2010. Ms. Morgenson and her husband live in New York City and have a son.

Host Marcia Franklin talks with Pulitzer Prize-winning journalist Gretchen Morgenson, then a financial editor and columnist at the New York Times who covered the country's financial crisis since its inception. They discuss the federal government's push to increase home ownership, which Morgenson sees as the underpinning of the financial collapse. The two also talk about various taxpayer-funded bailouts of companies such as AIG, and whether Morgenson sees any light at the end of the tunnel for the slumping economy. Before moving to The Wall Street Journal in November 2017, Morgenson was assistant business and financial editor at the New York Times since May 1998. Prior to that she was assistant managing editor at Forbes magazine. She was also the press secretary for the Forbes for President campaign. In 2002, she won a Pulitzer Prize for her coverage of Wall Street. Don’t forget to subscribe to the podcast and visit the Dialogue website for more conversations that matter!  Originally Aired: 09/10/2009 The interview is part of Dialogue’s series, "Conversations from the Sun Valley Writers' Conference," and was taped at the 2009 conference. Since 1995, the conference has been bringing together some of the world’s most well-known and illuminating authors to discuss literature and life.

Small businesses are the backbone of the U.S. economy, but recent years haven’t been so kind to them. The 2008 financial crisis left Main Street in a precarious position, and now the coronavirus pandemic has left millions of small business owners at risk of not being able to reopen their doors. Take Andrew Gaouette. At Mutt Waggin’, his pet supply shops in southeastern Massachusetts, he has seen his sales drops 60 percent. The government is offering relief to small businesses through emergency lending programs like the Paycheck Protection Program, or PPP, but so far, Andrew hasn’t gotten any money. The demand is so great that many owners like Andrew are worried they will never see the benefits. This week, host Trymaine Lee talks with NBC News senior financial reporter Gretchen Morgenson about the state of Main Street, and what this crisis means for its future. For a transcript, please visit https://www.msnbc.com/intoamerica.Further Reading: Firms with Trump links or worth $100 million got small business loansUnapproved online lenders want a piece of the new coronavirus loan program for small businesses'Extremely disappointing' and 'entirely predictable' — slowdowns and lockouts plague second round of PPP

A 2015 New York Times article by Gretchen Morgenson, entitled “Ways to Put the Boss’s Skin In the Game”, dealt with a long-standing question about how to make senior executives more responsible for corporate malfeasance? Her article had direct application to compliance programs and compensation for senior management tied to compliance. Morgenson said the issue was “Whenever a big corporation settles an enforcement matter with prosecutors, penalties levied in the case - and they can be enormous - are usually paid by the company’s shareholders. Yet the people who actually did the deeds or oversaw the operations rarely so much as open their wallets.” She went on to explain the economic phenomenon of “perverse incentives” wherein executives are encouraged to take excessive risk because they can profit so much from them, all the while knowing they probably won’t have to pay any fines or face other costly consequences of their actions. To help remedy this situation, the idea has come to the fore about senior managers putting some “skin in the game. Three key takeaways: Perverse incentives are named that for a reason; they really are bad. How can you create positive incentives in your organization? There is a business response to the legal issue. Employ it.  

In what we are jokingly calling an emergency pod, we discuss the just released article Teachers Pay High Fees for Retirement Funds. Unions Are Partly to Blame. by Anne Tergensen and Gretchen Morgenson of The Wall Street Journal. This is the union-focused 403(b) article we have been long hoping for.  Teachers Pay High Fees for Retirement Funds. Unions Are Partly to Blame. Meridian Wealth Management 403bwise.org

Where has the time gone? It was ten years ago this week that the U.S. financial system was brought to its knees. To help us retrace the events of that period, we’re joined today by Gretchen Morgenson, investigative reporter at the Wall Street Journal. As the financial crisis was unfolding, Morgenson was working for the New York Times, and subsequently co-authored Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon. There’s no one more qualified to walk us down memory lane and remind us of just how bad things actually were. In case you’ve forgotten, consider this timeline: 9/15/2008: Lehman Brothers files for Chapter 11 bankruptcy protection. On the same day, Bank of America announced its intent to purchase Merrill Lynch for $50 billion.9/16/2008: The Federal Reserve Board authorized the Federal Reserve Bank of New York to lend up to $85 billion to AIG under Section 13(3) of the Federal Reserve Act.9/16/2008: The net asset value of shares in the Reserve Primary Money Fund fell below $1 per share, primarily due to losses on Lehman Brothers commercial paper and medium-term notes. When the Reserve fund “broke the buck,” it caused panic among investors who considered money market accounts nearly the equivalent of bank savings accounts.9/19/2008: To guard against a run on money market funds, the Treasury Department announced that it would insure up to $50 billion in money-market fund investments at companies that paid a fee to participate in the program. The year long initiative guaranteed that the funds' values would not fall below the $1 a share.9/20/2008: The Treasury Department submitted draft legislation to Congress for authority to purchase troubled assets (the first version of TARP).9/21/2008: The Federal Reserve Board approved applications of investment banking companies Goldman Sachs and Morgan Stanley to become bank holding companies.All this in just one week!! An incredible moment in the history of this country, and it was only ten years ago. If you have a money question, just email me! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/  https://twitter.com/jillonmoney  https://www.facebook.com/JillonMoney  https://www.instagram.com/jillonmoney/  https://www.youtube.com/c/JillSchlesinger  https://www.linkedin.com/in/jillonmoney/  http://www.stitcher.com/podcast/jill-on-money  https://apple.co/2pmVi50

Gretchen Morgenson graduated in 1976 from St. Olaf College in Northfield, Minnesota with a B.A. degree in English and History. She went to work as an assistant editor with Vogue magazine, eventually becoming a writer and financial columnist. In 1981 she co-authored the book The Woman's Guide to the Stock Market and that same year joined the Wall Street stockbrokerage, Dean Witter Reynolds where she remained until January 1984. She returned to writing on financial matters at Money magazine and in late 1986 accepted an offer from Forbes magazine to work as an editor and an investigative business writer. In mid-1993, she left Forbes magazine to become the executive editor at Worth magazine but in September 1995 took on the job of press secretary for the Presidential election campaign of Steve Forbes following which she was appointed assistant managing editor at Forbes magazine In May 1998 Gretchen Morgenson became the assistant business and financial editor at The New York Times. She has written about the conflicts of interests between financial analysts and their employers who generate income money from the companies that the analysts assess. Beginning in 2005, Morgenson has been focusing on executive compensation packages being paid by American companies that she asserts have reached levels far in excess of what can be justified to shareholders. In 2006, Morgenson broke a story about a Wall Street analyst (Matthew Murray) who was fired shortly after he reported emails to Congress concerning potential violations of SEC regulation AC by the investment bank (Rodman & Renshaw) that he worked for at the time. The emails allegedly documented that the investment bank wouldn't let the analyst lower his rating, or have his name removed from coverage, of an investment banking client. A subsequent article by Morgenson highlighted a letter she obtained from the Senate Finance Committee in which Senator Grassley stated that the investment bank's Chairman (General Wesley Clark) had acknowledged to his staff that the analyst had been fired from the investment bank as a result of reporting the emails to Congress.[5] In 2009, The Nation called Morgenson "The Most Important Financial Journalist of Her Generation".In 2002 she won the Pulitzer Prize for her "trenchant and incisive" coverage of Wall Street. She has appeared on Bill Moyers Journal and Charlie Rose. In November 2017 Gretchen joined the Wall Street Journal as a senior special writer working closely with reporters on issues regarding on money, investing and other financial issues.

Gretchen Morgenson, an assistant business and financial editor and a columnist at The New York Times, has covered the world financial markets for The Times since May 1998. She won a Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street. Ms. Morgenson is a financial journalist with Wall Street experience.  Her stint as a stockbroker at Dean Witter Reynolds in New York in the early 1980s gives her stories a depth of knowledge and skepticism uncommon to financial reporting. Upon graduation from Saint Olaf College in Northfield, Minn., in 1976, Ms. Morgenson began her career as an editorial assistant at Vogue magazine. After spending two and a half years on Wall Street, she covered the financial world during stints at Money magazine, Worth magazine and Forbes Magazine. Ms. Morgenson is the author, with Joshua Rosner, of “Reckless Endangerment,” a New York Times best seller about the origins of the 2008 financial crisis published in May 2011 by Times Books. She is also the author of “Forbes Great Minds of Business,” a book of five interviews with business leaders published in 1997 by John Wiley & Sons. She is the author, with Campbell R. Harvey, of “The New York Times Dictionary of Money and Investing” (2002). In 2009, Ms. Morgenson won a Gerald Loeb Award in the “Beat Writing” category in her coverage of Wall Street. This followed her Gerald Loeb Award for excellence in financial commentary in 2002 and the American University School of Communication's Annual Journalism Award for excellence in personal finance reporting in 2000. Ms. Morgenson has also served on two Pulitzer Prize juries, evaluating investigative reporting entries in 2009 and 2010. To find out more about Gretchen, please visit www.nytimes.com/by/gretchen-morgenson.

This much we know: The Equifax data breach is bad. How can the credit bureaus, who have been described as the “plumbing” of our financial system, show so little regard for the people whose data they collect? New York Times columnist Gretchen Morgenson says it’s simple: We are not their customers, we are their product. Morgenson writes the Fair Game column. Her most recent book is Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.  In the Spiel, the Jimmy Kimmel test.  Learn more about your ad choices. Visit megaphone.fm/adchoices

This much we know: The Equifax data breach is bad. How can the credit bureaus, who have been described as the “plumbing” of our financial system, show so little regard for the people whose data they collect? New York Times columnist Gretchen Morgenson says it’s simple: We are not their customers, we are their product. Morgenson writes the Fair Game column. Her most recent book is Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.  In the Spiel, the Jimmy Kimmel test.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Today I want to focus on incentives, looking at senior management and compensation. I thought about this inter-connectedness of compensation in a compliance program, focusing up the corporate ladder when I read a recent article in the New York Times (NYT) by Gretchen Morgenson, in her Fair Game column, entitled “Ways to Put the Boss’s Skin In the Game”. Her piece dealt with a long-standing question about how to make senior executives more responsible for corporate malfeasance? Her article had some direct application to anti-corruption compliance programs such as those based on the US Foreign Corrupt Practices Act (FCPA) or UK Bribery Act. Morgenson said the issue was “Whenever a big corporation settles an enforcement matter with prosecutors, penalties levied in the case – and they can be enormous – are usually paid by the company’s shareholders. Yet the people who actually did the deeds or oversaw the operations rarely so much as open their wallets.”  She went on to explain that it is an economic phenomenon called “perverse incentive” which is one where “corporate executives are encouraged to take outsized risks because they can earn princely amounts from their actions. At the same time, they know that they rarely have to pay any fines or face other costly consequences from their actions.” To help remedy this situation, the idea has come to the fore about senior managers putting some ‘skin in the game’. Her article discussed three different sources for this initiative.  The first was a proxy proposal in front of Citigroup shareholders which “would require that top executives at the company contribute a substantial portion of their compensation each year to a pool of money that would be available to pay penalties if legal violations were uncovered at the bank.” Further, “To ensure that the money would be available for a long enough period – investigations into wrongdoing take years to develop  -  the proposal would require that the executives keep their pay in the pool for 10 years.”  The second came from William Dudley, the President of the Federal Reserve Bank of New York, who made a similar suggestion. His proscription involved a performance bond for the actions of bank executives. Morgenson quoted Dudley from his speech, “In the case of a large fine, the senior management and material risk takes would forfeit their performance bond. Not only would this deferred debt compensation discipline individual behavior and decision-making, but it would provide strong incentives for individuals to flag issues when problems develop.”  Morgenson reported on a third approach which was delineated in an article in the Michigan State Journal of Business and Securities Law by Greg Zipes, “a trial lawyer for the Office of the United States Trustee, the nation’s watchdog over the bankruptcy system, who also teaches at the New York University School for Professional Studies.” The article is entitled, “Ties that Bind: Codes of Conduct That Require Automatic Reductions to the Pay of Directors, Officers and Their Advisors for Failures of Corporate Governance”. Zipes proposal is to create a “contract to be signed by a company’s top executives that could be enforced after a significant corporate governance failure. Executives would agree to pay back 25 percent of their gross compensation for the three years before the beginning of improprieties. The agreement would be in effect whether or not the executives knew about the misdeeds inside their company.”  As you might guess, corporate leaders are somewhat less than thrilled at the prospect of being held accountable. Zipes was cited for the following, “Corporate executives are unlikely to sign such codes of conduct of their own volition.” Indeed Citibank went so far as to petition the Securities and Exchange Commission (SEC) “for permission to exclude the policy from its 2015 shareholder proxy.” But the SEC declined to do and at least Citibank shareholders will have the chance to vote on the proposal.   In the compliance context, these types of proposals are exactly the type of response that a company or its Board of Directors should want to put in place. Moreover, they all have the benefit of a business solution to a legal problem. In an interview for her piece, Morgenson quoted Zipes as noting, “This idea doesn’t require regulation and its doesn’t require new laws. Executives can sign the binding code of conduct or not, but the idea is that the marketplace would reward those who do.” For those who might argue that senior executives can not or should not be responsible for the nefarious actions of other; they readily take credit for “positive corporate activities in which they had little role or knew nothing about.” Moreover, under Sarbanes-Oxley (SOX), corporate executives must make certain certifications about financial statement and reporting so there is currently some obligations along these lines.  Finally, perhaps shareholders will simply become tired of senior executives claiming they could not know what was happening in their businesses; have their fill of hearing about some rogue employee(s) who went off the rails by engaging in bribery and corruption to obtain or retain business; and not accept that leaders should not be held responsible.  Three Key Takeaways Perverse incentives are named that for a reason, they really are bad. How can you create positive incentives in your organization? There is a business response to the legal issue. Employ it.  This month’s series is sponsored by Advanced Compliance Solutions and its new service offering the “Compliance Alliance” which is a three-step program that will provide you and your team a background into compliance and the FCPA so you can consider how your product or service fits into the needs of a compliance officer. It includes a FCPA and compliance boot camp, sponsorship of a one-month podcast series, and in-person training. Each section builds on the other and provides your customer service and sales teams with the knowledge they need to have intelligent conversations with compliance officers and decision makers. When the program is complete, your teams will be armed with the knowledge they need to sell and service every new client. Interested parties should contact Tom Fox. Learn more about your ad choices. Visit megaphone.fm/adchoices

How could the real estate market in only 4 essential states in the US have caused the Global Meltdown of 2008? How could an over-inflated stock market in the US in 1929 have caused the worldwide Great Depression of the 1930's?How is it that small bubbles in any asset base can take down an entire global system? It only really happens when the banking system buys into the bubble, and then grows Too Big to Fail! In this episode of Straight Talk Wealth Radio, host Bruce Weide explores what has changed in the US banking system since the 2008 Meltdown, and (shockingly) what has not. For his research, he turns to 4 authorities who have studied the banking meltdown extensively, from the inside and out. FEATURED ON THIS EPISODE,The words of: Sen. Elizabeth Warren (as interviewed by Charlie Rose on the release of her new book, A Fighting Chance): One of the most outspoken prophets of the 2008 Banking Crisis and the risk that the mortgage industry was involved in. She is a current co-sponsor with Sen John McCain of national legislation to bring back the Glass-Steagall Act of the Great Depression era which placed a virtual firewall between commercial banks, and investment markets. David Stockman (as interviewed by Bill Moyers) Former White House Budget Director under Ronald Reagan, and recent author of The Great Deformation: The Corruption of Capitalism in America. Today he is an outspoken critic of the massive Quantitative Easing money-printing experiment of the Federal Reserve Bank. Gretchen Morgenson (as interviewed by Bill Moyers): N.Y. Times reporter and author of Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon. She has exhaustively investigated the role of Fannie Mae and Freddie Mac in the Mortgage Meltdown of 2008. William Isaac (as interviewed on Newsmax TV): Former Chairman of the FDIC (appointed by Ronald Reagan), the very agency entrusted to regulate bank risk. Author of Senseless Panic: How Washington Failed America, Mr. Isaac gives a deep insiders view of effective bank regulation in a free market economy, and how the mistakes made in the Panic of 2008 failed to reset our economy. What's most amazing amongst these authorities from both, the Left and the Right, is how much they agree! Hear this Straight Talk Wealth episode today, before it becomes tomorrow's lead economic news story in the next meltdown!

Listen to O Bama's Election Nite Speech and where you are today. Our Take on How Reckless Greed Contributed to Financial Crisis by Gretchen Morgenson from the New York Times. And of course we can't forget John Edwards. Renegade Nation Stop and Think!!! Richie Marla and Mark

The crux of Failure in 2008 was the BANKS! Yes, tentacles went far and wide, but it was the leveraging of massive debt into the overinflated US real estate market that was at the crux of it.In this show we feature a groundbreaking series from Bill Moyers about why people like David Stockman, former Budget Director for the Reagan administration, and N.Y. Times Journalist Gretchen Morgenson, say not only that it can happen again, it WILL happen again!See much more on this story at our website at www.StraightTalkWealth.com

The crux of Failure in 2008 was the BANKS! Yes, tentacles went far and wide, but it was the leveraging of massive debt into the overinflated US real estate market that was at the crux of it. In this show we feature a groundbreaking series from Bill Moyers about why people like David Stockman, former Budget Director for the Reagan administration, and N.Y. Times Journalist Gretchen Morgenson, say not only that it can happen again, it WILL happen again! THIS SHOW GREATLY EXPANDS on our shortened broadcast version, and includes a lot more interview clips from the Bill Moyers episodes, and some corroborating data from Harry Dent.NOTE: The opening 12 minutes is about who WE are at STW. If you already know that, skip to about 12:00 into the show.

This week — the podcast's last waltz — features Jeff Sommer with Gretchen Morgenson on subprime mortgages, Floyd Norris on the euro's troubles, and Tyler Cowen on the next crisis for American banks.

This week: Jeff Sommer with Gretchen Morgenson on WaMu, David Gillen and David Segal on the cost of law school accreditation, and Christina Romer on making this time different for the economy.

This week: Jeff Sommer with Diana Henriques on Bernard Madoff, Gretchen Morgenson on institutions that are too big to fail, and Robert Frank on improving government agencies like D.M.V.'s.

It's another episode of Greedy Bastards Antidote. Today, we're talking about credit default swaps -- Greedy Bastards' favorite financial innovation of the past ten years. Think of a swap as an opportunity for financial companies to sell insurance on credit. In this podcast, you'll learn exactly what credit default swaps are, and why they're dangerous to our economy. Our guest is Gretchen Morgenson - Gretchen is a business reporter/columnist at the New York Times where she also serves as Assistant Business and Financial Editor. She is co-author with Josh Rosner of the bestselling book Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon.

This week: Jeff Sommer with David Gillen on the Nobel in economics, Catherine Rampell on jobs and unemployment, Gretchen Morgenson on bailouts, and Greg Mankiw on a walkout from his Harvard classroom.

Keynote Speech by Gretchen Morgenson, Pulitzer Prize Winning Journalist, NY Times columnist and co-author of Reckless Endangerment

Gretchen Morgenson on rolling back rules for derivatives trading, David Gillen and Natasha Singer on the gun business, and Robert Shiller on the super committee and unemployment.

This week: Jeff Sommer with Gretchen Morgenson on Greek debt, Richard Thaler on businesses that shoot themselves in the foot, and David Gillen and Andrew Martin on Dr. Dre's pricey headphones.

This week: Jeff Sommer with Floyd Norris on Italy and the global economy, Gretchen Morgenson on taxpayer-funded pensions for defense contractors, Phyllis Korkki and Amy Cortese on starting a community-owned store, David Segal on cellphone charges, and Tyler Cowen on Occupy Wall Street.

Gretchen Morgenson, a business columnist for the New York Times, discusses her new book "Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon." To learn more about Ms. Morgenson, visit http://nyti.ms/nwMU6x.

Jeff Sommer with Catherine Rampell on unemployment, David Gillen and Evelyn Rusli on LinkedIn, Gretchen Morgenson on MF Global and Robert Frank on flat taxes.

This week: Jeff Sommer with Nelson Schwartz on the European financial crisis, Gretchen Morgenson on the foreclosure talks, Jim Collins and David Gillen on luck and business, and Christina Romer on Ben Bernanke's chance for a “Volcker moment.”

This week: Jeff Sommer with Gretchen Morgenson on Paul Volcker's warnings, David Gillen and Mary Walsh Williams on the public pension crisis, Natasha Singer on the S.E.C.'s privacy problem, and Greg Mankiw on some economic pitfalls.

“Make no mistake, the perils and problems that plagued our nation years ago in the financial crisis—yes, it’s been years—still plague us to this day. Much like an untreated cancer, it will affect us up and to the point where we actually acknowledge it and deal with it,” says Dylan. That’s the message that Gretchen Morgenson and Josh Rosner, co-authors of Reckless Endangerment are trying to deliver: that this problem can be dealt with in the way that we have dealt with other issues in our own history — personally and collectively. Their new book provides not only an authoritative account of the financial crisis, they take a hard look at who is to blame for letting the crisis happen. Here’s Dylan’s recent interview with them.

Eighteen months after the economic meltdown, and following successful drives for stimulus and health reform legislation, why has Washington been unable to deliver serious financial reform and rein in Wall Street?  Bill Moyers speaks with financial journalist Gretchen Morgenson for a candid look at the obstacles facing substantive reform of the financial system and what Washington's proposed legislation would – and wouldn't – accomplish. Morgenson, a winner of the Pulitzer Prize, writes the Market Watch column for The New York Times. Also on the program, Bill Moyers takes a closer look at the newly signed health bill and explores why some say that reform is not yet done with The Nation Washington correspondent John Nichols and National Organization for Women president Terry O'Neill.

Eighteen months after the economic meltdown, why has Washington been unable rein in Wall Street with serious regulation? Bill Moyers speaks with financial journalist Gretchen Morgenson for a candid look at the obstacles facing substantive reform and what Congress' proposed legislation would — and wouldn't — accomplish.

NEW YORK TIMES business and financial columnists Gretchen Morgenson and Floyd Norris to discuss who wins and who loses in the financial turmoil.

Amidst historic economic failures, Bill Moyers Journal takes an in-depth look at what led to the financial meltdown, what it means for American families, and how it will affect voters between now and November. Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKlESS FINANCE, FAIlED POlITICS, AND THE GlOBAl CRISIS OF AMERICAN CAPITAlISM explores the role that the crumbling financial sector played in the now-fragile American economy. And, Moyers speaks with NEW YORK TIMES business and financial columnists Gretchen Morgenson and Floyd Norris to discuss who wins and who loses in the financial turmoil.

With U.S. mortgages entering foreclosure at a record pace, the crisis has far reaching implications, from the financial markets to the financial health of ordinary Americans. For the latest, Bill Moyers interviews assistant business and financial editor at The New York Times Gretchen Morgenson, who has been covering the story. Also on the program: lori Wallach, Director of Public Citizen's Global Trade Watch, on the secret trade deal negotiated by leaders of the Democratic Party and its implications for labor unions, consumer groups and the environment; life-long GOP insider Victor Gold on the current state of the Republican Party; and Bill Moyers on Rupert Murdoch and The Wall Street Journal.