What looked like a knotty but possible way forward promises to be undone by congressional chaos agents.
banking
Posted inLaw and Justice
Supreme Court Seems Hesitant to Toss Out the CFPB
Oral arguments today saw the justices skeptical that the Constitution doesn’t allow Congress to fund the CFPB in a particular fashion.
Posted inMoney, Politics, and Power
Clarence Thomas Has Yet Another Huge Conflict of Interest
Revolving Door Project research reveals that right-wing elites in the Horatio Alger Association stand to benefit from a lawsuit attempting to destroy the CFPB. The group has close ties to Clarence Thomas.
Posted inEconomic Policy
The Failure of Dodd-Frank
‘Too big to fail’ is more pervasive and regulation more captured than ever. What went wrong?
Posted inEconomic Policy
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
Posted inTAP
The Wasted Crisis
Today on TAP: What did we learn from the financial collapse of September 2008? Not enough.
Posted inMoney, Politics, and Power
Organizing Wells Fargo
The campaign to unionize workers and rectify banking practices at America’s most notorious bank now reaches across the nation.
Posted inTAP
Biden Takes First Step Toward Making Marijuana ‘A Little Less Illegal’
Today on TAP: The Health and Human Services Department recommends loosening federal restrictions on cannabis.
Posted inEconomic Policy
Jay Powell’s Legacy Depends on Whether He Steps Up on Climate Risk
In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.
Posted inTAP
Argentina: Vultures Come Home to Roost
Today on TAP: How America’s most predatory hedge funds deepened Argentina’s economic miseries and helped invite a far-right reaction