Vulture investors have descended on the commonwealth, taking advantage of a debt crisis that has impoverished citizens and created massive unemployment.
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 inLaw and Justice
Bring Back Antitrust
Despite low inflation and some bargain prices, economic concentration and novel abuses of market power are pervasive in today’s economy—harming consumers, workers, and innovators. We need a new antitrust for a new predatory era.
Posted inEconomic Policy
The Battle of the Budget Isn’t Over
Right-wing Republicans can still pursue their goals through riders on appropriations bills—and, if they don’t get their way, shut down the government.
Posted inEconomic Policy
Paul Theroux and the Poverty Behind the Numbers
A recent op-ed from the author of Deep South sparked a debate about globalization and American poverty.
Posted inEconomic Policy
Why the DOJ Needs to Hold Individuals Responsible for Corporate Crime
The DOJ claims it wants to root out individuals responsible for corporate crime. The Volkswagen emissions scandal is a perfect test.
Posted inMoney, Politics, and Power
Yet Another Subsidy for the Big Banks
If Congress really wanted to save hundreds of billions of dollars, the Fed could stop paying interest on bank reserves.
Posted inMoney, Politics, and Power
The Latest Indication of Obama’s Lack of Commitment to Financial Reform
The new Fed nomination signals the administration’s belief that Dodd-Frank solved everything.
Posted inEconomic Policy
The IRS Will Close This Tax Loophole — Unless Wall Street Gets Its Way
Hedge fund managers are fighting to keep a little-known tax cheat that saves them hundreds of millions, if not billions, of dollars.
Posted inWorking in America
Fast Track to the Corporate Wish List
The Trans-Pacific Partnership displays a deep rift in the Democratic Party.
Posted inEconomic Policy
A Needless Default
The administration’s foreclosure relief program was designed to help bankers, not homeowners. That disgrace will haunt Democrats.