‘Too big to fail’ is more pervasive and regulation more captured than ever. What went wrong?
JPMorgan Chase
Posted inEconomic Policy
Banks: The Weak Spot in a Strong Recovery
The larger problem is feeble and captured regulation, resulting in multiple intra–executive branch fights.
Posted inTAP
Elizabeth Warren at Her Everyday Best
Today on TAP: The senator exposes the corrupt connection between the biggest banks and their docile regulators.
Posted inTAP
Bank Runs, Behemoths, and Bailouts
Today on TAP: Better regulation would head off dubious rescues that only increase bank concentration.
Posted inTAP
Morgan’s Takeover of First Republic: A Shady Sweetheart Deal
Today on TAP: The comptroller of the currency rejected other alternatives in the rush to have government underwrite Morgan’s latest coup.
Posted inTAP
The Reputational Casualties of SVB’s Collapse
Today on TAP: Silicon Valley libertarianism, every congressional Republican, 50 congressional Democrats—and why are some still sitting on the banking committees?
Posted inLaw and Justice
A Hopeful Sign for Holding the Powerful Accountable
And it wasn’t the FBI raid at Mar-a-Lago.
Posted inEconomic Policy
GOP to CFPB: Go Easy on the Banks!
The Republican caucus tries to protect a bank’s right to rip off its customers.
Posted inEconomic Policy
Cities Want to Use Federal Rescue Funds to Pay Off Bank Debt
Activists and local progressive officials don’t want to let them.
Posted inEconomic Policy
Jamie Dimon’s Overdraft Dishonesty
On overdraft, the JPMorgan Chase CEO’s testimony is contradicted by his own bank’s data.