Adapting New Deal ideas to 21st-century challenges
financial industry
Posted inMoney, Politics, and Power
Wall Street Ally Next in Line to Lead Committee Overseeing Derivatives
Rep. David Scott has been a reliable co-sponsor for Republican bills to deregulate derivatives markets.
Posted inPolitics
Wall Street’s Biggest Supporter Could Lose Her House Seat
Ann Wagner, a senior Republican on the House Financial Services Committee, is in danger of losing a seat in suburban St. Louis, despite millions in bank donations.
Posted inEconomic Policy
Why Hedge Funds Shouldn’t Own the News
The FBI just gave us one more reason to be wary.
Posted inEconomic Policy
Trump Says a Biden Win Will Crash the Stock Market. Let’s Hope So.
Investors appear to be turning Trump’s talking point into an actual threat.
Posted inMoney, Politics, and Power
A New Agency to Fight Financial Predators in California
A new consumer financial protection agency at the state level can help offset federal neglect and protect the vulnerable.
Posted inTAP
Kamala, Joe, and Wall Street
Today on TAP: A Biden-Harris administration is unlikely to take on the financial industry
Posted inMoney, Politics, and Power
Gangster Antitrust and the Conservative Fight to Burn Fossil Fuels
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.
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.