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Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny
Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny
An ongoing federal investigation into billionaire Mark Walter's business empire is raising alarm bells about Wall Street's use of insurance capital to finance private credit and other illiquid investments.
Bloomberg reported that Walter's TWG Global holding company said in a filing that it will wind down its exposure to affiliated businesses by up to $6.5 billion after the transactions drew scrutiny from federal investigators. This comes after the Department of Justice homed in on loans that should've been marked...
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May 6, 2026 / Tyler Durden
New Disney CEO Delivers Earnings Beat As "Important Change" Underway
New Disney CEO Delivers Earnings Beat As "Important Change" Underway
Disney reported better-than-expected second-quarter results, driven by momentum across entertainment, sports, and experiences, while reaffirming its positive outlook for the year.
"At an important moment of change for Disney, we remain focused on executing our long-term growth strategy," Disney wrote at the beginning of the earnings release.
The entertainment company continued, "Our creative and operational momentum drove strong quarterly results, and we continue to expect growth to accelerate in the second half of the fiscal year."
"We are strengthening streaming through continued investment...
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Apr 20, 2026 / Dave DeCamp
Pakistan Army Chief Tells Trump US Blockade Is Obstacle to Peace Talks With Iran
Pakistan’s army chief, Field Marshall Asim Munir, has told President Trump by phone that the US blockade on Iranian ports is a major obstacle to resuming talks between the US and Iran in Islamabad, Reuters reported on Monday. A Pakistani security source told the outlet that Trump told Munir he would consider his advice, but […]
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Aug 27, 2026 / Tyler Durden
The Rise And Fall Of 'Resistance' Hero Alexander Vindman
The Rise And Fall Of 'Resistance' Hero Alexander Vindman
Authored by Blaise Malley via Responsible Statecraft,
On paper, Alexander Vindman's loss in last week's Florida Democratic Senate was a shocking upset. After all, Vindman had a 16-to-1 fundraising advantage and far more national name recognition than the winner - progressive state Rep. Angie Nixon.
But the results reflect more than one poorly-run campaign. Vindman is one of the most prominent faces of a bygone political era known as "Russia-gate" - a period which Democratic voters appear ready to leave behind.
Just a few...
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