Ex-SEC Official Coates Talks the Power of Private Equity and Index Funds

Also, Fed's Barr signals he's no fan of House Republicans' stablecoin bill; FDIC's First Republic autopsy (gently) calls out the examiners

Friday Q and A: With all the turmoil swirling around the financial industry in Washington, two sectors have been particularly battered – private equity and big asset managers. Whether it’s Democrats railing about buyout firms’ “legalized looting” or Republicans castigating Larry Fink for being “woke,” there seems to be no end to the demagoguing.

Though i…