Today on TAP: It’s hard to think of a more useless financial invention. Crypto began as a fringe fad, disdained by the big investment banks. Now, Wall Street is cashing in.
financial industry
Posted inLaw and Justice
Courts, Financial Industry Continue to Resist CFPB Enforcement
There are 16 cases that should go forward because of the Supreme Court ruling confirming the Bureau’s constitutionality. It’s been slow going.
Posted inHealth and Social Policy
Sam Bankman-Fried Is Not Entirely Wrong
FTX’s victims are getting up to 143 percent of their money back, because the system treated it like the fraud it was. As the Steward case shows, that’s not usually how bankruptcy works.
Posted inLaw and Justice
Judge Hearing Noncompete Cases Holds Stock in Companies That Use Noncompetes
Judge J. Campbell Barker’s stock portfolio is a spreadsheet full of conflicts of interest.
Posted inEconomic Policy
Investing in Distress
Tax lien investing allows hedge funds and private equity firms to exploit mostly poor, elderly Black and Latino homeowners, leveraging the machinery of local tax enforcement.
Posted inMoney, Politics, and Power
My Dinner With Andreessen
Billionaires I have known: Part One of a three-part series
Posted inMoney, Politics, and Power
Schumer Carries Water for Crypto
When it comes to backdoor schemes to help the financial industry, the frequently progressive Senate majority leader is still the senator from Wall Street.
Posted inEconomic Policy
Democrats Must Start Distinguishing Themselves on Insurance Policy
Amid a crisis for homeowners, Democrats have done little while Republicans pursue an agenda of bailouts and deregulation.
Posted inPolitics
Republicans Are Objectively Pro–Junk Fee
A new congressional resolution aligns Republicans with the financial industry’s fight to preserve sky-high credit card late fees.
Posted inLaw and Justice
Biden Nominee Asked About Discrepancies in Testimony
Sparkle Sooknanan said she wasn’t lead counsel representing vulture funds with Puerto Rican debt. Legal records and her own law firm say otherwise.
