Tag Archives: First Our Homes Now Our Water?

Common Dreams – First Our Homes, Now Our Water? – 23 August 2012

Food & Water Watch Analysis Reveals Wall Street’s Hold on Municipal Water Systems

WASHINGTON – August 22 – Following its disastrous foray into the housing market, Wall Street’s latest earnings scheme is as close as your kitchen sink: the finance industry is increasingly targeting public water systems. A new report released today by the national consumer advocacy group Food & Water Watch, Private Equity, Public Inequity: The Public Cost of Private Equity Takeovers of U.S. Water Infrastructure reveals that as of January 2012, private equity players had raised $186 billion through 276 infrastructure funds and were seeking another $93 billion to take over infrastructure worldwide. Continue reading