Progressive state and city officials are pushing back against the right’s war on ‘woke capitalism.’ They could be doing even more with trillions of dollars in pension funds.
financial industry
Posted inBooks
It’s Good to Be the King
The ins and outs of how the mega-rich wall themselves off from government’s prying eyes
Posted inMoney, Politics, and Power
A Toxic Explosion in Private Equity Payouts
Private equity barons just pocketed as much as $850 million from the company behind this week’s massive chemical blast in Georgia.
Posted inEconomic Policy
The Fed Caved on Bank Capital
Despite continued failures in the industry, the Fed decided to take orders from bank CEOs.
Posted inTAP
Powell Reluctantly Relents
Today on TAP: After long delay and needless economic damage, the Fed chair commits to cutting interest rates.
Posted inEconomic Policy
Collapsing Mortgage Securities. Broken Processes. No Accountability. Sound Familiar?
Faulty credit ratings were a cause of the 2008 crisis. One whistleblower complaint argues that the same dynamic is happening again.
Posted inMoney, Politics, and Power
What We Talk About When We Talk About the Revolving Door
Bringing tech and finance executives into government because they are ‘the country’s smartest and hardest-working people’ is faintly ridiculous.
Posted inEnergy and the Environment
Florida Invests in Catastrophe
The Sunshine State is putting public pension money into risky bonds that transfer risk away from insurance companies.
Posted inEconomic Policy
Will Panic on Wall Street Convince Jerome Powell to Do His Job?
The Federal Reserve should have cut rates months ago. Now it might be too late.
Posted inMoney, Politics, and Power
Wall Street Hits the Locker Room
Private equity firms are maneuvering to invest in college athletes, their schools, and the conferences they play in. The deals could add risk to the whole system.
