Theo Baker is exposed to the inner sanctum of how Silicon Valley makes its anointed fellow travelers unspeakably rich.
Money, Politics & Power
Posted inMoney, Politics, and Power
Crypto Democrats Are Ghosting the Industry
The Senate punted a vote on the crypto industry’s top priority to September, which doesn’t bode well for the industry’s legislative agenda or their key alliance with certain moderate Democrats.
Posted inMoney, Politics, and Power
Sen. Wyden Report: Banks Systematically Ignored Jeffrey Epstein’s Crimes
The report shows how employees at Bank of America, Deutsche Bank, and JPMorgan helped to hide Epstein’s activities because he was a load-bearing part of their ‘wall of cash.’
Posted inMoney, Politics, and Power
Seth Moulton’s Sweetheart Deals
In Rep. Moulton’s upcoming Senate primary challenge, questions about his lucrative investments in defense tech companies may prove more important than incumbent Ed Markey’s age.
Posted inMoney, Politics, and Power
Ida Tarbell: The Journalist Who Took Down Rockefeller
Not even Teddy Roosevelt could break up his corrupt oil monopoly—until a daughter of the Pennsylvania oil fields came along.
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The Kleptocrat Nesting Dolls Behind Trump’s Potemkin Gas Stations
How can Freedom Fuel afford to sell gas for $3.47 a gallon? That’s the wrong question to ask.
Posted inMoney, Politics, and Power
Top Defense Official Could Reap Windfall From DOD Settlement
Stephen Feinberg founded private equity giant Cerberus. A Cerberus-owned firm is poised to settle one of the largest government lawsuits ever—against the very agency Feinberg now helps lead.
Posted inMoney, Politics, and Power
Challenge to Paramount–Warner Bros. Merger Focuses on Theaters, Basic Cable
The lawsuit, filed by 12 states, makes the case that a merged studio will have more leverage to dictate terms to distributors, leading to higher prices for everyone.
Posted inMoney, Politics, and Power
Not All Nepo Babies Are Trumps
DSCC chair’s 22-year-old son strikes it big in pursuit of further gamifying finance.
Posted inMoney, Politics, and Power
The Project Crypto Scheme
Forget deregulatory legislation; the SEC and CFTC are already working diligently to eliminate regulatory oversight of crypto at the behest of their president.