Morning Jolt: The Word ‘Hypocrisy’ Doesn’t Do It Justice

Back in July, the Washington Post revealed how the private-equity firm of Tim Geithner — Treasury secretary during the Obama administration — profited from unsolicited high-interest loans that many would characterize as "predatory."

Mass-mailing checks to strangers might seem like risky business, but Mariner Finance occupies a fertile niche in the U.S. economy. The company enables some of the nation's wealthiest investors and investment funds to make money offering high-interest loans to cash-strapped Americans.

Mariner Finance is owned and managed by a $11.2 billion private equity fund controlled by Warburg Pincus, a storied New York firm. The president of Warburg Pincus is Timothy F. Geithner, who, as treasury secretary in the Obama administration, condemned predatory lenders.

Since the revelation of Mariner ...

September 13 2018

VISIT NATIONALREVIEW.COM

The Word 'Hypocrisy' Doesn't Do It Justice Jim Geraghty Back in July, the Washington Post revealed how the private-equity firm of Tim Geithner — Treasury secretary during the Obama administration — profited from unsolicited high-interest loans that many would characterize as "predatory." Mass-mailing checks to strangers might seem like risky business, but Mariner Finance occupies a fertile niche in the U.S. economy. The company enables some of the nation's wealthiest investors and investment funds to make money offering high-interest loans to cash-strapped Americans. Mariner Finance is owned and managed by a $11.2 billion private equity fund controlled by Warburg Pincus, a storied New York firm. The president of Warburg Pincus is Timothy F. Geithner, who, as treasury secretary in the Obama administration, condemned predatory lenders. Since the revelation of Mariner ... Read More ADVERTISEMENT Top Stories The U.K. Is Right to Trust the U.S. Justice System with Global Terrorists Madeleine Kearns To avoid a botched trial in the U.K., the home secretary has sent two jihadists to be tried in the U.S. Demonization of Nunes Is a Window Into Our Times Victor Davis Hanson The slanderous media treatment of Devin Nunes is indicative of our times. New York City Council Approves Bill Adding Third Gender to Birth Certificates Jack Crowe The legislation, which passed 41-6 on Wednesday, will allow city residents to list their gender as 'x' on their birth certificates without a doctor's note. ADVERTISEMENT Google's Unstable Empire Arthur L. Herman Arthur L. Herman reviews Life after Google: The Fall of Big Data and the Rise of the Blockchain Economy, by George Gilder. In Defense of Nations John Fonte John Fonte reviews The Virtue of Nationalism, by Yoram Hazony. The Transcendent Dean Koontz Stephen Mirarchi Koontz elevates the suspense genre through implicit evangelization. Goat Yoga Is a Poor Substitute for Religious Observance Ben Shapiro Liberal churches and synagogues across the land are trying all manner of tricks to attract new worshipers. They won't succeed. Trump Claims Democrats Inflated Puerto Rico Hurricane Death Toll Jack Crowe A recent study found that 2,974 Puerto Ricans died as a result of Hurricane Maria, a dramatic increase from the initial estimate of just 64. ADVERTISEMENT JOIN NRPLUS All Our Content. Fewer Ads. Members-Only Privileges. NRPLUS is everything you would associate with a digital magazine subscription, and a whole lot more ─ including up to 90% fewer on-site ads, access to our private Facebook group, full commenting privileges, and invites to our writer/editor conference calls. SAVE 40% TODAY Photo Essays Pyongyang Subway Scenes Starbucks Goes Italian ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.