The conviction of Sam Bankman-Fried is over, but little attention has been paid to the lawyers who helped build up FTX—and they want to keep it that way.
financial industry
Posted inEconomic Policy
Secretary of Commerce Gina Raimondo Is Undercutting Bidenomics
The most tech-friendly Cabinet member should not be the one regulating artificial intelligence.
Posted inWorking in America
Julie Su Wants ‘Basic Dignity and Respect’ for Retirement Savers
A decade-long odyssey to make investment advisers act in the best interest of their clients culminates in a new proposed rule from the Department of Labor.
Posted inEconomic Policy
How Banks Keep You Trapped
Financial institutions are doing everything they can to prevent consumers from shopping around for better banking options. A new federal rule attempts to change that.
Posted inMoney, Politics, and Power
The Slow Cooker of Corporate Flameouts
A band of Reddit contrarians tried to make Rite Aid the first meme stock. A truly staggering series of miscues thwarted their dreams.
Posted inEconomic Policy
Will Anyone Hold Larry Summers Responsible for His Promotion of a Crypto Scam?
The prominent centrist economist was affiliated with the disgraced crypto firm DCG for over half a decade.
Posted inEconomic Policy
Capitalists Against Capital Standards for Banks
How the biggest banks are using community bankers to front for the self-interest of Wall Street in trying to weaken the rules
Posted inWorking in America
Workers Funding Other Workers’ Misery
Billions of dollars in public pension fund money flow to private equity–owned firms that union-bust, violate labor laws, and put workers’ safety at risk.
Posted inLaw and Justice
Supreme Court Seems Hesitant to Toss Out the CFPB
Oral arguments today saw the justices skeptical that the Constitution doesn’t allow Congress to fund the CFPB in a particular fashion.
Posted inMoney, Politics, and Power
Clarence Thomas Has Yet Another Huge Conflict of Interest
Revolving Door Project research reveals that right-wing elites in the Horatio Alger Association stand to benefit from a lawsuit attempting to destroy the CFPB. The group has close ties to Clarence Thomas.
