Today on TAP: What if the assets backing cryptocurrencies are as volatile as crypto itself?
banking
Posted inEconomic Policy
The Silicon Valley Bank Bailout Didn’t Need to Happen
The debate over protecting all deposits in a blink looks past the incompetence that got us here.
Posted inTAP
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.
Posted inLaw and Justice
Conservative Witness Admits Potential Chaos From CFPB Court Case
The witness said that the Supreme Court finding CFPB’s funding unconstitutional ‘could result in significant problems throughout the financial system.’
Posted inEconomic Policy
Rumored Fed Nominee Thinks Tim Geithner Did Right by Homeowners
President Biden may nominate Janice Eberly, former deputy to the mastermind of America’s foreclosure crisis.
Posted inTAP
Excessive Bank Overdraft Charges Demand Regulation
Today on TAP: It’s another vivid case of the junk fees that Biden has begun to challenge.
Posted inEconomic Policy
Keeping Crypto From Corrupting the Regulators
Financial scams thrive on weak regulation. Biden’s regulators are fighting back.
Posted inLaw and Justice
Mortgage Bankers Scrambling Over Conservative Court Ruling
Faced with the potential invalidation of CFPB’s funding structure, the top lobbyist for mortgage companies asks Congress to write the agency’s rules into law.
Posted inEnergy and the Environment
Green Capital Feuds With Local Lenders Over National Climate Bank
Former FCC Chairman Reed Hundt says $20 billion of IRA funds should capitalize his group’s proposed national bank. Local lenders are skeptical.
Posted inEconomic Policy
How the Federal Reserve Protects the Top One Percent
Our central bank operates by and for the financial elite.