Yet more evidence that AB 2833, a supposed private equity reform bill sponsored by California Treasurer John Chiang, was a cynical ploy.
A key private equity reformer weighs in against the current version of California Treasurer Chiang's fatally weakened transparency bill.
California Treasurer John Chiang promised landmark private equity transparency but instead acted as a stooge of the private equity industry and failed to stand up to captured public pension funds.
The Los Angeles Times describes how Treasurer Chiang's private equity bill, AB 2833, has become toothless.
Treasurer John Chiang tries to defend his bill, AB 2833, against an article by Gretchen Morgenson, but only digs his hole deeper.