Naked Capitalism has The Real News Network has the interview Bill Black: Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions.

GREG WILPERT: So, first, what are the implications of the Fed allowing Morgan Stanley and Goldman Sachs to pass their stress test? That is, to pay investors even though they technically failed those tests, and should have kept most of these billions as assets to back them up.

BILL BLACK: OK. They didn’t technically fail the test. They actually failed the test. And what the new Fed, as you say, Trump appointees, have said, well, a failure isn’t going to be treated as a failure if you’re a really massive financial institution like Morgan Stanley and Goldman Sachs.

Ok, if you want to hate on the Federal Reserve Bank, here might be a perfectly valid reason to do so. Forget the fake news that the Fed is a private bank.

Boing Boing has the article Private equity bosses took $200m out of Toys R Us and crashed the company, lifetime employees got $0 in severance,

Private equity’s favorite shell game is to take over profitable businesses, sell off their assets, con banks into loaning them hundreds of millions of dollars, cash out in the form of bonuses and dividends, then let the businesses fail and default on their debts.

This is why I started to use the term vulture capitalists to describe these private equity types. It is good to have an article like this that I can point to. This has some details that I can use to explain why I call them vulture capitalists. When these people say the government should be run like a business, this is exactly what they mean. Their plan for government is to strip the assets, pay the money to themselves, and leave the rest of us to pay for the bankruptcy.