[act-ma] Shedding Light on the Shadow Banking System

[Tracy Bindel]

Hi all,
In light of New Economy Week, the Jamaica Plain Forum will be hosting
economists Rosemary Batt
<http://act.ips-dc.org/site/R?i=WABiYvSdkuaB5AlxxmBtzA> and Eileen Appelbaum
<http://act.ips-dc.org/site/R?i=32C5VQtsqsJLVZDqgAahLA> next *Tuesday,
10/21 at 7pm at First Church JP *for an exciting conversation revealing the
innerworkings of private equity funds. *Come find out the implications of
Wall Street managing Main Street for the 8 million workers employed by
companies purchased by private equity firms! Details below.*


*Thanks,Tracy *

When Wall Street Manages Main Street: Shining Light on the Shadow Banking
System with Eileen Appelbaum and Rosemary Batt


*Tuesday, October 21st, 7-8:30pm *
*First Church JP, 6 Eliot St*
*RSVP and Invite your friends on Facebook
<http://act.ips-dc.org/site/R?i=IP2bQZHjgQwUIkhn9YG04w> or via Email
<info at jamaicaplainforum.org>*


In* Private Equity at Work
<http://act.ips-dc.org/site/R?i=6bkkIK9LkueVTohryrEPeQ>*, a groundbreaking
analysis of a hotly contested business model, Economist Eileen Appelbaum
<http://act.ips-dc.org/site/R?i=9uDGZ4leZ6gHwbARi39S5g> and Professor
Rosemary Batt <http://act.ips-dc.org/site/R?i=WtT50z1Y0g121koSf1oJDg> show
that Private Equity firms' financial strategies are designed to extract
maximum value from the companies they buy and sell, often to the detriment
of those companies and their employees and suppliers.  These actions often
lead to financial distress and a disproportionate focus on cost-cutting,
outsourcing, and wage and benefit losses for workers, especially if they
are unionized.

*Private Equity At Work
<http://act.ips-dc.org/site/R?i=mAowaA2t8GdinvGjus3Smg>* provides a new
roadmap to the largely hidden internal operations of these firms, showing
how their business strategies disproportionately benefit the partners in
private equity firms at the expense of other stakeholders and taxpayers.

Co-sponsored by Dollars and Sense
<http://act.ips-dc.org/site/R?i=yxrt6C7MzenK5gUpv7KqHA>.