The rapid arrest of Sam Bankman-Fried offers a small bit of hope that we’ve turned the page on an era of no accountability.
hedge funds
Posted inWorking in America
Canary in the Mine: Striking Miners in Alabama
The five-month strike is about worker power in America. It’s also about fighting for a just transition for carbon-intensive industries.
Posted inMoney, Politics, and Power
How the GameStop Hustle Worked
How hedge funds and brokers have manipulated the market.
Posted inEducation in America
Are Endowments Damaging Colleges and Universities?
Endowments are supposed to help institutions weather periods of financial difficulty. Instead, they’ve become a source of it.
Posted inLaw and Justice
How the Supreme Court Protects Robinhood
Decades of bad Court rulings have enabled corporations to use forced arbitration clauses to protect themselves. But Congress could easily fix this.
Posted inVideos
⏩ David Dayen Breaks Down the GameStop Story on Useful Idiots
Prospect executive editor David Dayen appeared on Rolling Stone’s Useful Idiots podcast to discuss Biden’s early days of presidency and break down the GameStop/Wall Street situation from this past week. Watch the video below:
Posted inMoney, Politics, and Power
What We’ve Learned From the Robinhood Affair
Let’s put parasitic speculators out of business. How about a lead role for Joe Biden’s most progressive former top aide, Ted Kaufman?
Posted inMoney, Politics, and Power
The GameStop Craziness Pulls Back the Curtain on the Stock Market
Day traders with apps have occupied Wall Street—and shown it to be a sham.
Posted inEconomic Policy
Why Hedge Funds Shouldn’t Own the News
The FBI just gave us one more reason to be wary.
Posted inPolitics
Tom Steyer’s Long Journey
The former Robert Rubin protégé now runs for president condemning corporate power. But he also says that only a business leader can win that argument.
