Today on TAP: It relies on ethics officials who have waved through prohibited trades before, and doesn’t even cover the kind of trade that embarrassed Fed Chair Jay Powell.
financial industry
Posted inTAP
Jay Powell’s Propagandists
Today on TAP: His campaign to be reappointed chair is abetted by Fed spin and a tame and collusive press.
Posted inEconomic Policy
Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking
Disclosure documents reveal that the spectacle of Fed officials personally trading stocks extended to the chair himself.
Posted inLaw and Justice
The End of Forced Arbitration?
Persistent advocates and new strategies have led some companies to relent on blocking access to courts. But there’s a long way to go.
Posted inMoney, Politics, and Power
Why Do South Dakota Politicians Help Billionaires?
They are acting on behalf of the state’s massive estate trust industry.
Posted inMoney, Politics, and Power
The Corporate State of Delaware
The tiny state has long been a hotbed for corporations. Can mounting public pressure push the state to change its centuries-old ways?
Posted inEnergy and the Environment
The Oil Merchant in the Gray Flannel Suit
Why aren’t insurance companies aggressively fighting climate change, and minimizing catastrophes? Look at their balance sheets.
Posted inEconomic Policy
Wall Street’s Attacks on Biden Nominee Are a Red Herring
Industry criticism of OCC pick Saule Omarova for wanting to end private banking masks their real fear of losing their derivatives businesses.
Posted inEducation in America
The Failure of Financialized Higher Ed
Big endowments and big money have made administrators more accountable to financiers than their own universities.
Posted inEconomic Policy
Can American Politics Allow for Long-Run Investment?
New programs to finance domestic manufacturing and set off a green boom rely on long-term thinking.
