Today on TAP: The senator exposes the corrupt connection between the biggest banks and their docile regulators.
banking
Posted inTAP
More Reasons for the Fed to Relent
Today on TAP: But don’t bet the farm on a saner monetary policy.
Posted inTAP
The Silver Lining in the Latest Bank Panic
Today on TAP: The run on regional bank stocks will bring tighter regulation and lower interest rates.
Posted inTAP
Bank Runs, Behemoths, and Bailouts
Today on TAP: Better regulation would head off dubious rescues that only increase bank concentration.
Posted inMoney, Politics, and Power
The Fed, the Supreme Court, and Their Legitimacy
The government’s least democratic branches are incompetent and corrupt because they are unaccountable. James Madison would not be surprised…
Posted inTAP
Morgan’s Takeover of First Republic: A Shady Sweetheart Deal
Today on TAP: The comptroller of the currency rejected other alternatives in the rush to have government underwrite Morgan’s latest coup.
Posted inEconomic Policy
Fed Report on Silicon Valley Bank Confirms Its Supervision Arm Shouldn’t Exist
The supervisors knew exactly what was happening at the bank, and were institutionally incapable of acting. This isn’t an isolated incident.
Posted inTAP
The Economy Is Still Doing Well
Today on TAP: But a weakened banking system, coupled with a Fed that is hawkish on rates but kind and gentle on financial regulation, could be the economy’s undoing.
Posted inEconomic Policy
Pre-Farewell to First Republic
The zombie bank is now in a staring match with potential purchasers and regulators. Ultimately, a failure of oversight caused this mess.
Posted inMoney, Politics, and Power
How a Firm Profiting From Deposit Insurance Caps Is Lobbying to Keep Them
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.