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.
financial industry
Posted inEconomic Policy
The Failure of Dodd-Frank
‘Too big to fail’ is more pervasive and regulation more captured than ever. What went wrong?
Posted inEconomic Policy
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
Posted inTAP
The Wasted Crisis
Today on TAP: What did we learn from the financial collapse of September 2008? Not enough.
Posted inEconomic Policy
Long-Awaited Rules on Private Equity Mostly Involve Disclosure
The industry watered down some of the tougher prohibitions. But it’s a start.
Posted inMoney, Politics, and Power
Gringo Go Home! Puerto Rico Is Not for Sale!
U.S. colonialism and rentier capitalism are wreaking havoc on Puerto Rico.
Posted inTAP
Capitalists: Be Careful What You Wish For
Today on TAP: Wall Street’s hilarious complaint against a totally captured self-regulatory agency has one thing right: This delegation of government authority is unconstitutional.
Posted inMoney, Politics, and Power
The CFTC Ponders Gambling on Democracy’s Future
Gambling site Kalshi is spending big on a lobbying campaign to allow people to bet on the end of the American republic.
Posted inTAP
Argentina: Vultures Come Home to Roost
Today on TAP: How America’s most predatory hedge funds deepened Argentina’s economic miseries and helped invite a far-right reaction
Posted inHealth and Social Policy
The Great American Hospital Shell Game
Stock in Medical Properties Trust tanked 14 percent this week after a couple of eyebrow-raising disclosures.