Before every financial crisis, there is a concerted effort to argue that this time is different.
FDIC
Posted inHealth and Social Policy
The Bank of Big Medicine
Health insurers and providers are using industrial loan companies and other tactics to make money from financial engineering rather than patient care.
Posted inPolitics
Bank Speculation! Polio! And Other Hot Items on Trump’s Agenda!
The incoming president’s transition team is making the case for reviving some long-buried monsters.
Posted inTAP
What Senate Democrats Can Still Do to Promote the General Welfare
Today on TAP: Until December 31st, they can still confirm some Biden nominees to crucial regulatory and judicial posts.
Posted inEconomic Policy
The Fed Caved on Bank Capital
Despite continued failures in the industry, the Fed decided to take orders from bank CEOs.
Posted inEconomic Policy
The Fed Covers for Big Banks Amid Growing Stress
The central bank weakening the penalties for failing a living will plan is bad in theory. In practice, with commercial real estate defaults rising, it’s even worse.
Posted inEconomic Policy
Treasury Foresaw the Synapse Collapse Two Years Ago
An agency report detailed how fintech ‘neobanks’ could fall into the regulatory cracks. Nobody managed to patch them up, and now depositors can’t retrieve their own money.
Posted inTAP
Republican Hit Job on the FDIC Backfires
Today on TAP: The successor to the ousted chair, Martin Gruenberg, is likely to be an even tougher regulator.
Posted inEconomic Policy
Fintech Fight Leads to Hundreds of Thousands of Frozen Accounts
The chaotic bankruptcy of a middleware platform called Synapse has impacted numerous fintech companies, whose users are locked out of their savings.
Posted inTAP
The FDIC Shuffle
Today on TAP: Chair Martin Gruenberg, weakened by the sexual harassment mess at his agency, will step aside once a successor is named. Will Biden appoint someone as progressive as Gruenberg?