Today on TAP: The FTX debacle shows that crypto is less an industry than it is a scam.
banking
Posted inMoney, Politics, and Power
The Crime Wave That Republicans Defend
Corporate theft and fraud is not only tolerated by the GOP, it’s shielded. Yet Democrats rarely use this to attack Republican messaging on crime.
Posted inTAP
The Economy Is Still Robust
Today on TAP: Will the Fed take that health as a cue to keep strangling it?
Posted inLaw and Justice
Conservative Judicial Ruling Threatens Functioning of Daily Life
The attempt to make the CFPB unconstitutional has grave consequences.
Posted inAmerica and the World
IMF and World Bank Predict Tolerable Crises
Rich economies expect to be largely unaffected by debt distress and looming defaults in developing countries.
Posted inHealth and Social Policy
On Marijuana, a Tough-on-Crime Republican Fail in Progress
Political and economic indicators point to more liberalization ahead.
Posted inTAP
Bernanke’s Odd Nobel Prize
Today on TAP: As a close student of the Great Depression, he knew enough to prevent a repeat of it—but forgot the lessons about the need for tougher regulation of the financial system.
Posted inLaw and Justice
How Banks Are Defending Their Right to Discriminate
Chamber of Commerce v. CFPB is the latest battle in Wall Street’s long war to destroy the consumer protection agency.
Posted inTAP
Why Credit Suisse Is Imperiled
Today on TAP: A crisis of confidence at Switzerland’s second-largest bank shows the dangers of Federal Reserve–driven chaos.
Posted inAmerica and the World
U.S. Declines to Blunt Pain as It Exports Inflation to Poor Countries
The Treasury is resisting calls to provide emergency liquidity for emerging markets facing a strong dollar.