12-18-20 For years, one of the most lucrative corners of financial markets has been the software leveraged buyout, where firms like Thoma Bravo, Silver Lake Partners and others have earned industry topping returns. Their unheralded target companies provide the digital infrastructure, network management, and applications to run businesses on the cloud. These companies generally deploy stable and high-margin subscription business models. The broader the reach of the software across industries, the bigger the potential.
Up until a week ago, SolarWinds SWI +13.7%, a maker of software deployed by America’s biggest companies and government agencies, was a wonky IT software company few outside of the industry knew by name. With little fanfare, it was turning into the next multi-billion dollar windfall for the private equity industry, in a sector where firms have raised and invested hundreds of billions of dollars. Now the company is ground zero for one of the biggest cyber attacks in American history. https://www.forbes.com/sites/antoinegara/2020/12/18/solarwinds-hack-throws-wrench-in-private-equitys-most-profitable-market/?sh=d9f36b4ef73c
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12-18-20
Kenneth Hao, who serves on the board of SolarWinds, "led the establishment" of Silver Lake into China.https://www.forbes.com/sites/antoinegara/2020/12/18/solarwinds-hack-throws-wrench-in-private-equitys-most-profitable-market/?sh=d9f36b4ef73c
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Rolling Stone reports: “Covington & Burling, the onetime private-practice home of both Holder and Breuer. … assistant attorney general who had balked at criminally prosecuting UBS over Libor because, he said, ‘Our goal here is not to destroy a major financial institution.’ … ‘But when the attorney general says,’ I don’t want to indict people,’ it’s the Wild West. ‘There’s no law.’ This is corruption at the molecular level of the economy, Space Age stealing--and it’s only just coming into view.” G18
Lanny Breuer, Covington Burling lawyer 1989-1997 USA Federal Assistant Attorney General 2009-2013 USA Assistant Covington Burling lawyer 2013 salary: $5,000,000,00+ per annum Job description: soliciting foreign entities for lobby/law firm. From information and belief the Lanny pitch is allegedly to tell foreign entities they can buy up to UBS and Saudi Royal Family immunity from USA Federal investigation/prosecution for the remaining and next presidential cycle.
Daily Beast reports: “At the Justice Department’s criminal division, Lanny Breuer was supposed to lead the investigation into the financial crisis–the big banks and Wall Street firms. … And now … he’s returning to his old law firm, Covington & Burling. There, for $4 million a year he’ll defend…the big banks and Wall Street firms. … Lanny wanted to go back to a law firm that represented banks after he was done. He didn’t want to prosecute the banks … he wasn’t about to jeopardize what he knew was a return to his old firm at a massive salary. … the real question is what Obama and Eric Holder were doing appointing him in the first place.” G20
Wikipedia reports: “After the U.S. government filed suit against the Swiss bank UBS AG, whom Holder had represented during his time in private practice, the attorney general recused himself from all legal matters concerning the bank, which stands accused of conspiracy in U.S. tax fraud.” G21
It is said USA Attorney General has made it a point to let everyone know he would be returning to work for Covington & Burling as his Assistant Lanny Breuer did, for triple salary and bonuses. It is the appearance of corruption that irritates a USA public that knows exactly how the Washington revolving door deferred payment scheme works….
A UBS reliable source says: The increasing numbers of political appointees (C5’s) descending into the USA Federal Government infrastructure seem to be the problem. Let us be reminded, UBS and their associates are on public record as being given Justice Department immunity from investigation/prosecution by Holder/Breuer. We have published these self professed statements in earlier articles. UBS has been one of Senator/President Obama’s largest benefactors….
Washington Conspiracy Hobbyist who lives and works in this crap:
Director@internalrevenue.com,
Utah lawyers get ballooned legal fees. The SLC Courthouse gets increasing court fees as seen on their egocentric displayed graph. Utah Symphony gets UBS as largest donor. Obama reneges on his campaign promise to shut down the US Federally unregulated Utah Industrial Bank Cartel which includes UBS Utah Industrial Bank and its aliases. This pleases Utah Brigham Young University grads in high bureaucratic positions in Washington. Obama gets UBS as largest campaign donor through the likes of Chairman bundlers Wolf and Weber. Obama gets secret foreign campaign donations through UBS offshore secret # account custodial services
https://seniorsavior.com/?page_id=188
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