Bad financial supervision, a panicky response, and now the Fed has created a trigger policy for more inflation.
financial industry
Posted inEconomic Policy
Behind the Venture Capitalist Bailout
Financial expert Daniel Davies explains why Silicon Valley Bank imploded.
Posted inEconomic Policy
The Case for a Banking Public Option
Every individual and business should get the same Federal Reserve account benefits that banks enjoy.
Posted inTAP
The Crypto Shell Game
Today on TAP: What if the assets backing cryptocurrencies are as volatile as crypto itself?
Posted inEconomic Policy
The Silicon Valley Bank Bailout Didn’t Need to Happen
The debate over protecting all deposits in a blink looks past the incompetence that got us here.
Posted inTAP
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.
Posted inLaw and Justice
Conservative Witness Admits Potential Chaos From CFPB Court Case
The witness said that the Supreme Court finding CFPB’s funding unconstitutional ‘could result in significant problems throughout the financial system.’
Posted inEconomic Policy
Buy Now, Pay Later Customers Face Financial Precarity
A new report from the Consumer Financial Protection Bureau details the financial profiles of BNPL borrowers.
Posted inEducation in America
University of California Under Fire for Blackstone Investment
The university has invested $4.5 billion with the real estate arm of the private equity giant.
Posted inMoney, Politics, and Power
Congressional Crypto Defenders Accidentally Sparked an SEC Crackdown
Emboldened by claims that he needed to do more to stop crypto meltdowns before they started, Gary Gensler has rapidly enforced the law.
