The new head of the Development Finance Corporation spent two decades at a Boston hedge fund that controlled nearly $1 billion in Puerto Rican debt.
financial industry
Posted inEnergy and the Environment
Frackers Restrict the Flow and Raise the Price
After a decade of flooding the market with cheap fossil fuels, investors have cut back on production.
Posted inMoney, Politics, and Power
Jon Ossoff’s Moment of Trust
Before entering the Senate, Ossoff had more than half his net worth in Apple stock; it’s now in a blind trust. Today, he must vote on legislation affecting the company.
Posted inEconomic Policy
The Stock Market Bubble and the Regulation Paradox
Understanding the several smaller financial-market bubbles that make up the big one
Posted inMoney, Politics, and Power
NFT Investors: JPEGs Are Just a Stepping-Stone
Enthusiasts freely admit the buzzy collectibles are a bubble. But they’re betting NFTs are scaffolding for a new internet architecture that’s here to stay.
Posted inMoney, Politics, and Power
Congress Beats Wall Street at Its Own Game
As lawmakers see record gains in the stock market, an online movement with real teeth has forced Democrats and Republicans to scramble.
Posted inLaw and Justice
Goldman Sachs Finds No Problem With Forced Arbitration
A review conducted by the law firm that represented Jeffrey Epstein determines that Goldman blocking employee access to courts is no problem.
Posted inEnergy and the Environment
Those Electrifying Speculators
Electric-vehicle companies, often raising capital through dubious mergers, have a problem with the truth, and it’s a problem for all of us on this planet.
Posted inVideos
⏩ Shadow Banking, Dark Money, and Bad Business
Watch our writers discuss the new frontiers of deregulation and financialization as well as some strange new financial alliances.
Posted inEconomic Policy
Saule Omarova on Systemic Financial Risk and Her Failed Bid for Comptroller
‘There was a fear that I might be open to thinking systemically,’ says the Cornell Law professor who drew fierce opposition from the bank lobby.
