Today on Tap: There is far too much cheerleading and not nearly enough skeptical reporting.
financial industry
Posted inMoney, Politics, and Power
Congressmembers Tried to Stop the SEC’s Inquiry Into FTX
The ‘Blockchain Eight’ wrote a bipartisan letter in March attempting to chill the SEC’s information requests to crypto firms. FTX was one of those firms.
Posted inMoney, Politics, and Power
The Contradictions of Effective Altruism
The meltdown of FTX and its fraudster boss, Sam Bankman-Fried, reveals the potential for reckless risk-taking at the heart of an influential philanthropic movement.
Posted inMoney, Politics, and Power
We Already Have Laws to Stop Crypto Fraud
Forget Washington’s urgency to design a regulatory regime for crypto. It’s better to treat it like any other illegal operation.
Posted inMoney, Politics, and Power
The Biden Administration Does Not Need Another Wall Street Adviser
The White House is considering a finance recruit whose career has been directly at odds with all of President Biden’s accomplishments.
Posted inTAP
Why Is Congress Still Writing Crypto Regulations?
Today on TAP: The FTX debacle shows that crypto is less an industry than it is a scam.
Posted inMoney, Politics, and Power
Crypto PAC Questionnaire Claims Bitcoin Mining Is Good for the Environment
A rare glimpse at how PACs communicate with candidates reveals the types of ideas policymakers are pressured into believing.
Posted inEconomic Policy
Private Investors Can’t Stop America From Borrowing Money
Nonsensical austerity talking points are creeping back into the political discourse.
Posted inMoney, Politics, and Power
The Unlikely Origins of the Chamber-Chopra War
Big business could soon get their chance to kill the CFPB for good, thanks in part to former Obama aide William Daley.
Posted inTAP
Bernanke’s Odd Nobel Prize
Today on TAP: As a close student of the Great Depression, he knew enough to prevent a repeat of it—but forgot the lessons about the need for tougher regulation of the financial system.
