The Hawaii senator and heir apparent to Chuck Schumer attacked a bipartisan housing bill without trying to fix it, merely to show support for private equity.
David Dayen
David Dayen is the executive editor of The American Prospect. He is the author of Monopolized: Life in the Age of Corporate Power and Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud. He co-hosts the podcast Organized Money with Matt Stoller.
He can be reached on Signal at ddayen.90.
Posted inEconomic Policy
Iran War Exposes America’s Unfixed Supply Chains
We have a trillion-dollar military without enough bombs to fight for more than a week, and none of the critical components needed to make more.
Posted inPodcasts
Organized Money: Why Your Lamp Sucks
Don’t search the web for mid-century lighting until you listen to this week’s episode.
Posted inAmerica and the World
The War for Gulf State Capital
Saudi Arabia and its wealthy neighbors weren’t prepared for the consequences of their long campaign to captivate America and demonize Iran.
Posted inLaw and Justice
Live Nation Settlement Spurs Chaos in Court
The deal contains a fairly useless set of conditions. More than two dozen states vow to continue fighting.
Posted inPodcasts
Organized Money: The Paramount Takeover
The Ellisons moved closer to capturing Warner Bros., and control of a massive news, sports, and entertainment content stream.
Posted inMoney, Politics, and Power
Paramount-Warner Would Create a Hollywood Jobs Apocalypse
The deal comes complete with so much debt that it would almost certainly lead to mass job loss. That could prove to be an argument against the deal in court, too.
Posted inMoney, Politics, and Power
States Can Block the Paramount-Warner Deal
But thanks to some clever maneuvering, they are already running out of time.
Posted inPolitics
Congress? Maybe Check Back in 2027.
The State of the Union address made sure that Republicans will preside over a year of inaction in our nation’s legislature.
Posted inLaw and Justice
Prediction Markets May Have Inadvertently Outed Themselves as Casinos
By intervening in individual bets, companies like Kalshi and Polymarket are not acting as neutral market makers, as they have claimed in litigation.