An op-ed calling financial-industry resistance to financing oil and gas production an antitrust violation reflects a troubling trend of using antitrust for political ends.
financial industry
Posted inEconomic Policy
Mortgage Market Déjà Vu
Efforts to privatize mortgage finance will lead to future financial crises.
Posted inEconomic Policy
Letting Private Equity Billionaires Rob Worker Retirement Funds
A new Department of Labor rule allows private equity to get into 401(k) plans. One expert estimates a $13.7 billion annual wealth transfer from workers to Wall Street tycoons.
Posted inEconomic Policy
Repeating the Mistakes of the 2008 Bailout
We needed to rescue the financial system in 2008, and we need to support sectors like airlines and aerospace now—but TARP is the wrong model.
Posted inEconomic Policy
The Crisis in Financial Markets Began Before COVID-19
The Federal Reserve has been committing hundreds of billions to short-term lending markets for months. It’s time to make that power work for more than just Wall Street.
Posted inEconomic Policy
How Financial Engineering Deepens the Corona Depression
Wall Street scams and schemes that the Dodd-Frank Act intended to kill rose from the dead after 2010. Now they are killing what’s left of the economy—again.
Posted inTAP
About Those Very Low Mortgage Rates
Today on TAP: If you are not a current homeowner, it’s harder to get a mortgage than ever
Posted inLaw and Justice
Making the World Safe for Fraudsters
The SEC’s most important enforcement tool to fight securities fraud is at stake in a case before the Supreme Court.
Posted inMoney, Politics, and Power
Goldman Sachs’s Still Unpunished Adventures in Malaysia
The mega-bank has been negotiating a settlement in the extravagant 1MDB fraud scheme. But the case, which impoverished a whole country, reveals that Goldman remains unreformed, unchained, and too big to regulate.
