The Obama administration has pre-empted some state banking rules in a bid to protect consumers, but President-elect Trump may soon turn the tables.
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 inMoney, Politics, and Power
Cures Act Is Bad Medicine for NIH, FDA
A bipartisan bill that promises more money for research and development is actually full of giveaways for the pharmaceutical industry and other trade groups.
Posted inEconomic Policy
Protests Greet Puerto Rico Control Board
A congressionally chartered control board tasked with fixing Puerto Rico’s debt crisis has been stacked with banking industry executives and faces mounting public opposition.
Posted inEducation in America
Q&A: Will Colleges Support Debt-Free Higher Education?
Now the president of a liberal arts college in Maryland, former Federal Deposit Insurance Corporation Chairwoman Sheila Bair discusses whether college-for-all proposals would really help students.
Posted inAmerica and the World
Who’s to Blame for Brexit? The Elites
Britain’s vote to leave the European Union was driven by right-wing populism, but the real blame must be laid at the feet of elite technocrats who have bungled the European project.
Posted inLaw and Justice
Will Congress Thwart Puerto Rico’s Best Chance for Relief?
A case before the Supreme Court could give the territory the power to restructure much of its debt—but only if Congress doesn’t get in the way.
Posted inEconomic Policy
The Great Foreclosure Fraud
When millions of families lost their homes to foreclosure in the Great Recession, a nurse, a car dealership worker and a forensic expert blew the whistle on mortgage industry abuses.
Posted inMoney, Politics, and Power
What Good Are Hedge Funds?
Hedge funds make big returns by manipulating markets in ways that are illegal for small investors. Remind us: Why are they permitted?
Posted inAmerica and the World
The Job-Killing Trade Deal You’ve Never Heard Of: The China Bilateral Investment Treaty
In behind-the-scenes negotiations with China, the Obama administration is pushing a trade compact that could export jobs overseas and erode worker protections. Why?
Posted inEconomic Policy
Hedge Fund Creditors’ Deal With Argentina Sets Alarming Precedent
In a deal struck Sunday, hedge funds led by billionaire investor Paul Singer have managed to squeeze billions out of a struggling economy.