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.
financial industry
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.
Posted inEconomic Policy
Building the People’s Banks
Establishing financial institutions and regulations that work for middle- and low-income Americans is possible. We just have to do it.
Posted inEnergy and the Environment
JPMorgan Concedes It’s Trying to Buy an Electric Utility
The bank had denied for months that it was behind the sale of El Paso Electric.
Posted inPolitics
The Media’s Given Wall Street a Free Pass in the 2020 Primary
Despite a more treacherous financial system than four years ago, the media has made financial regulatory policy all but invisible in the Democratic race.
Posted inMoney, Politics, and Power
How to Buy a Regulation in Six Short Months
A payday lending CEO appears to have reversed the Consumer Financial Protection Bureau on a critical rule.