Regulators have given banks the green light to use stimulus funds to pay off debts that individuals owe them.
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 inCoronavirus
Unsanitized: Meet The Corporate Bailout’s First Policeman
An interview with Bharat Ramamurti. Also, the bad data driving dreams of reopening the country. This is The COVID-19 Daily Report for April 13, 2020.
Posted inCoronavirus
Unsanitized: ‘I Have No Protection … Only a Stupid Blue Vest,’ Walmart Worker Says
Also, how the wrangling in Congress kind of doesn’t matter. This is The COVID-19 Daily Report for April 12, 2020.
Posted inCoronavirus
Unsanitized: Federal Reserve Rescue Is the Best Rescue
Also, more action in Congress. This is The COVID-19 Daily Report for April 10, 2020.
Posted inCoronavirus
Unsanitized: Katie Porter Talks Supply Chains and Bailouts
Also, the demographic tragedy of the crisis, and Wells Fargo’s lobbying succeeds, sort of. This is The COVID-19 Daily Report for April 9, 2020.
Posted inCoronavirus
Unsanitized: Richard Cordray on the Imminent Financial Scam Crisis
Also, how the Fed can fix the small business lending program. This is The COVID-19 Daily Report for April 8, 2020.
Posted inCoronavirus
Unsanitized: Amazon’s Friend Network
Also, the shame of Wisconsin, and Wells Fargo’s pandemic lobbying. This is The COVID-19 Daily Report for April 7, 2020.
Posted inCoronavirus
Unsanitized: Gunfight at the Supply Chain Corral
Also, how government works in Switzerland, and testimony from an unemployed worker. This is The COVID-19 Daily Report for April 6, 2020.
Posted inUncategorized
Unsanitized: How People Seeking Bankruptcy Will Suffer in the Pandemic
Also, cracks in the small business lending program and a self-interested inspector general. This is The COVID-19 Daily Report for April 4, 2020.
Posted inCoronavirus
Unsanitized: Why Banks Don’t Want to Help Small Businesses
Also, beware the middleman. This is The COVID-19 Daily Report for April 3, 2020.
