Biden has empowered a crop of aggressive financial regulators. They’ll need to look beyond the banking industry and into finance’s darker corners.
cryptocurrency
Posted inEconomic Policy
Wall Street’s Attacks on Biden Nominee Are a Red Herring
Industry criticism of OCC pick Saule Omarova for wanting to end private banking masks their real fear of losing their derivatives businesses.
Posted inEconomic Policy
A Fintech Fox in the Regulatory Henhouse
Adrienne Harris, an industry-friendly fintech adviser, takes over New York’s powerful financial regulator.
Posted inBuilding Back America
Infrastructure Summer: Will Biden’s Agenda Survive the Senate Finance Committee?
Testing Ron Wyden’s willingness to challenge the rich and powerful
Posted inEconomic Policy
Biden Needs to Be Wary of Crypto Grifters
The administration has a host of options to create a public option for digital currencies and use regulatory tools to prevent fraud and abuse.
Posted inTAP
Time to Ban Private Cryptocurrencies
Today on TAP: The libertarian crypto fantasy has backfired
Posted inEconomic Policy
Plumbing the Depths at the SEC
It’s not enough to just get a new progressive chair. All of the key staff positions are also worthy of attention.
Posted inMoney, Politics, and Power
Financial Speculation Is About More Than GameStop Day Traders
The real speculation is happening at the top of the market, through skyrocketing merger transactions and increases in the power of the biggest companies.
Posted inMoney, Politics, and Power
Speculation: The Post-Pandemic National Pastime
Photos and tweets selling on the blockchain. Stock investments in companies with no product. Welcome to the new Gilded Age.
Posted inMoney, Politics, and Power
What’s Really at Stake in the GameStop Hearing
Markets are over-financialized, over-speculated, and bloated. Beyond WallStreetBets and Robinhood, that’s the real issue.
