Stephen Feinberg founded private equity giant Cerberus. A Cerberus-owned firm is poised to settle one of the largest government lawsuits ever—against the very agency Feinberg now helps lead.
Elizabeth Warren
Posted inTAP
An Unlikely Bipartisan Housing Win
The new housing law is a victory for Democratic agenda-setting, but real impact on housing costs remains elusive.
Posted inPolitics
Will Congress Pass the Housing Bill?
Trump has been trying to kill bipartisanship, but this is one bipartisan bill that Trump desperately needs.
Posted inTAP
Time to Stop Lionizing Powell
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
Posted inEconomic Policy
Billionaire Wealth Has Doubled So Far This Decade
An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.
Posted inPolitics
Brian Schatz’s Signals of Comfort With Big Money
The Hawaii senator and heir apparent to Chuck Schumer attacked a bipartisan housing bill without trying to fix it, merely to show support for private equity.
Posted inTAP
Elizabeth Warren’s Amazingly Progressive Housing Bill
How the Massachusetts senator enlisted most Senate Republicans to support sweeping legislation.
Posted inMoney, Politics, and Power
The Quintessential Epstein Files Email
Jeffrey Epstein and his friends standing up for Mary Jo White against Elizabeth Warren tells you everything about the class war at the heart of the files.
Posted inMoney, Politics, and Power
Sean Patrick Maloney’s Vanishing Ethics Pledge
The former member of Congress and DCCC chair is now the head of the Coalition for Prediction Markets, an organization funded by the exact crypto firms he promised not to work for.
Posted inPolitics
The Myth of the Democrats’ Gerontocracy Problem
The Democrats’ problem is not age—it’s corporate and centrist Democrats of all ages. What distinguishes some of the most successful young Democrats is not just their youth but the fact that they are compelling progressive populists.