IntraFi, a private equity–owned company that offers the wealthy a work-around to the $250,000 limit on FDIC insurance, sees an existential threat in universal deposit guarantees.
Money, Politics, and Power
Posted inMoney, Politics, and Power
The Hedge Fund’s Man at the Democratic National Committee
Despite the opposition of unions, Nancy Pelosi, and the FCC, DNC honcho Cedric Richmond backs a hedge fund takeover of 60 TV stations.
Posted inMoney, Politics, and Power
New Astroturf Crypto Campaign Appears on Social Media
The House Financial Services Committee’s upcoming hearings on cryptocurrency regulation coincide with new groups pushing vapid digital campaigns.
Posted inMoney, Politics, and Power
Big Tech Lobbyists Explain How They Took Over Washington
An amazing research paper unearths how the tech industry invented the concept of digital trade and sold it to government officials.
Posted inMoney, Politics, and Power
Pharma Cash Built the Conservative Court Majority That Now Harms Pharma
Drug industry CEOs angrily dispute Judge Matthew Kacsmaryk’s ruling on mifepristone. But they spent millions on the Senate Republicans who confirmed him.
Posted inMoney, Politics, and Power
Farmers Pay Big Ag to Lobby Against Them
The checkoff program, intended for marketing promotion but used as a slush fund for consolidated agricultural interests, is facing pressure for reform.
Posted inMoney, Politics, and Power
Lawsuit: Defense Contractor Fired Whistleblower for Reporting Accounting Irregularities
The allegations against spare-parts conglomerate TransDigm mirror previous claims against the ‘Martin Shkreli of defense contracting.’
Posted inMoney, Politics, and Power
Donald Trump Deserves to Be Indicted
But not just for the Stormy Daniels affair; the most corrupt president in American history has gotten away with far too much.
Posted inMoney, Politics, and Power
Can K Street’s Most Pro-Biden Firm Save TikTok?
SKDK, co-founded by Biden consigliere Anita Dunn, has taken on TikTok as its client.
Posted inMoney, Politics, and Power
Silicon Valley Congressman Fundraising With Whiny Venture Capitalist
Rep. Ro Khanna, who stumped aggressively for a depositor bailout at Silicon Valley Bank, now will solicit funds with David Sacks, one of the loudest supporters of that policy.
