The Federal Reserve has been committing hundreds of billions to short-term lending markets for months. It’s time to make that power work for more than just Wall Street.
banking
Posted inEconomic Policy
How Amazon Uses Lending to Control Small Businesses
The nature of the Amazon marketplace makes it virtually impossible for third-party sellers to borrow from private banks. Amazon’s own lending unit has filled the gap.
Posted inMoney, Politics, and Power
Goldman Sachs’s Still Unpunished Adventures in Malaysia
The mega-bank has been negotiating a settlement in the extravagant 1MDB fraud scheme. But the case, which impoverished a whole country, reveals that Goldman remains unreformed, unchained, and too big to regulate.
Posted inEconomic Policy
Building the People’s Banks
Establishing financial institutions and regulations that work for middle- and low-income Americans is possible. We just have to do it.
Posted inMoney, Politics, and Power
Goldman Sachs’s Shell Game
The mega-bank has created 61 different off-balance-sheet corporations with help from companies based in the Cayman Islands. That looks in no way shady!
Posted inPolitics
Warren’s Latest Plan Signals That It’s Time to Talk About Joe Biden’s Record
The bankruptcy expert releases a proposal that doubles as an indictment of Biden’s role in passing the 2005 bankruptcy law.
Posted inEnergy and the Environment
JPMorgan Concedes It’s Trying to Buy an Electric Utility
The bank had denied for months that it was behind the sale of El Paso Electric.
Posted inGreen New Deal
The Role of Public Capital
A Reconstruction Finance Corporation for the 21st century
Posted inMoney, Politics, and Power
Trump’s Bank Regulators Open the Door to More Predatory Lending
A new proposed rule would allow ‘rent-a-bank’ schemes that could permit unlimited interest rates on loans as long as they come via a chartered bank.