Deputy Treasury Secretary Muzinich used father as cut-out for keeping control of $35 billion asset mgmt firm that’s direct beneficiary of Fed credit support facilities.
Here’s your real looting. propublica.org/article/this-t…
Here’s your real looting. propublica.org/article/this-t…
There’s a simple way to tell if this was a bona fide transfer or not ... did Muzinich pay cap gains taxes on the “sale” of his stake in the asset mgmt firm?
"Another Muzinich executive, David Bowen, who manages one of the firm’s high-yield bond portfolios, said during a May 20 webinar, 'The Fed has been about as supportive, helpful, accommodative — whatever word you want to use — as anyone could imagine.'”
Here's your real looting.
Here's your real looting.
From most recent ADV: "Muzinich’s policies allow for the purchase and sale of certain loan interests while in possession of material non-public information, where Muzinich is on the “private side” of the transaction."
Not unique to Muzinich, but geez.
Wonder if they took PPP $.
Not unique to Muzinich, but geez.
Wonder if they took PPP $.
