hal2kilo
Lifer
- Feb 24, 2009
- 25,433
- 11,822
- 136
It would help if our own private equity businesses would cooperate.Weaning off the stuff ....
G-7 Nations Pledge to Phase Out Russian Energy Imports
Barron's|25 minutes ago![]()
The G-7 nations pledged to phase out their dependence on Russian energy, on a timetable that allow the world to find alternative energy sources.
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A US Government Loophole Is Helping Putin’s Cronies Hide Their Cash – Mother Jones
But it turns out that yachts and Knightsbridge shopping sprees aren’t where the real money is buried. Oligarchs have stashed huge sums throughout the global financial system, and you cannot sanction money you cannot find. Thanks to gaping regulatory loopholes, many Wall Street titans—specifically private equity firms and hedge funds—have little obligation to investigate where the enormous piles of cash they are investing actually came from. The billions they collect from clients and then use to buy real estate, factories, and farmland are largely exempt from the anti-money-laundering rules other US-based financial institutions have to follow.