Too Big To Fail Banks [INFOGRAPHIC]
Legislation continues to lag TBTF growth and the public suffers from an increasing lack of faith that these institutions will ever be reined back in again. Surveys reveal the belief that government is more the captive than the master of these institutions, and their interests are being furthered at the expense of the suffering public.
Governments might point to the more than 20 billion dollars in fines and penalties imposed on just a single TBTF player, JP Morgan Chase, in the single year of 2013 as proof that their reforms are working. However, the public is more likely to note the massive level of abuse that would warrant 20 billion in fines, as well as the probability that only a portion of the financial rapacity was ever uncovered.
Gates Capital: Why (Free) Cash (Flow) Is King
Gates Capital Management's ECF value fund has earned strong returns for investors since its inception in June 1996. The ECF, or Excess Cash Flow Fund, had returned 12.9% annualized since inception to the end of September 2020. That was compared to 8.9% for the S&P 500 total return index and 7.4% for the HFRI Event-Driven Read More