Faulty credit ratings were a cause of the 2008 crisis. One whistleblower complaint argues that the same dynamic is happening again.
SEC
Posted inPolitics
Crypto Cash Affecting Both Sides of the Democratic Divide
Both beneficiaries of crypto campaign spending and their opponents are desperately endorsing the technology.
Posted inTAP
What John Roberts Has Wrought
Today on TAP: His majority opinion striking down the SEC’s jurisdiction may not apply to the NLRB. But it’s too early for unions to breathe a sigh of relief.
Posted inPolitics
Pelosi May Back Industry-Friendly House Crypto Bill
The industry has become a major spender in political campaigns, and the most prodigious fundraiser among Democrats is taking notice.
Posted inTAP
Crypto: Back From the Dead
Today on TAP: It’s hard to think of a more useless financial invention. Crypto began as a fringe fad, disdained by the big investment banks. Now, Wall Street is cashing in.
Posted inMoney, Politics, and Power
Schumer Carries Water for Crypto
When it comes to backdoor schemes to help the financial industry, the frequently progressive Senate majority leader is still the senator from Wall Street.
Posted inTAP
Crypto’s New Pal, Gary Gensler
Today on TAP: Why did the usually public-minded SEC chair breathe new life into Bitcoins?
Posted inHealth and Social Policy
Dealing With the Bad Stewards
Bailing out a critical Massachusetts hospital chain should come with some consequences for the financial operators who put them in that position.
Posted inHealth and Social Policy
Reversing Private Equity’s Looting of Hospitals
The right remedy is to claw back the billion-dollar payday Cerberus Capital and other insiders took out of Steward Health Care and give the money back to the hospitals.
Posted inMoney, Politics, and Power
Corporate Self-Oversight
Four auditing firms examine the books of nearly every big U.S. company, in a process riddled with conflicts of interest. But federal monitoring is making a comeback under new leadership.
