Search Results for
September 10, 2021
Blog Post Executive BranchFederal ReserveFinancial RegulationIndependent AgenciesLarry SummersMatt Yglesias
A Brief Taxonomy Of Bad Jerome Powell Arguments
Even when these pundits have the facts right, their actual argumentation is still pretty weak.
September 07, 2021 | American Prospect
A Fintech Fox In The Regulatory Henhouse
Apparently, Harris just doesn’t get why regulators have to be so skeptical of the industry all the time—which makes sense, coming from a fintech executive who’s advocated for the industry on both sides of the revolving door.
August 12, 2021
Biden Must Fire Climate Skeptic From Key Financial Stability Council, 23 Organizations Say
Today, a coalition of 23 environmental, labor, and good government organizations called on President Biden to remove Thomas Workman from his role as the independent member with insurance expertise on the Financial Stability Oversight Council (FSOC), the interagency panel which identifies and addresses systemic risks to the financial system.
August 02, 2021
Matt Yglesias' Case Against Powell Critics Is Weak
The Biden administration’s favorite pundit deploys willful ignorance in order to chide the left.
August 02, 2021
Biden Can't Make His Mark On The Fed Board So Long As Powell Is Chair
The argument in favor of Powell ignores the simple math.
July 29, 2021
Who Would Be A Better Fed Chair Than Powell?
In the last few months, Revolving Door Project has been quite public about our opposition to renominating Jerome Powell for a second term as Chair of the Federal Reserve.
July 27, 2021 | Washington Monthly
How to Catch Bitcoin Tax Cheats
Crypto is a global phenomenon, and one with a rapidly growing capacity to upend tax administration worldwide. The U.S. has been slow to act to combat this threat, but clever use of extant unilateral and multilateral laws on information sharing and programs that capitalize on expertise and information outside government provide opportunities for much better protection against tax evasion. If Biden and his administration are committed to closing tax loopholes, they must use every tool available.
July 23, 2021
Trump Picked A Climate-Skeptical Insurance Lobbyist For A Key Regulatory Council. Biden Hasn't Fired Him Yet.
Workman came with exactly zero experience as an insurance regulator, but plenty of experience from the opposite side of the courtroom: for 17 years, he’d been the President and CEO of the life insurance industry’s main lobbying group in the state of New York, the Life Insurance Council of New York (LICONY).
July 19, 2021
Treasury Nominee Graham Steele Represents Exactly Who Should Staff The Executive Branch
Graham’s history fighting for the public against the predations of and systemic risks posed by Wall Street, and now the fossil fuel industry, speaks for itself.
July 15, 2021
Want Postal Banking? Fire Louis DeJoy.
A new study on the program highlights the pressing need for Biden to oust Trump’s crooked Postmaster General.
July 08, 2021
Biden Must Withdraw ExxonMobil- And Wall Street-Linked Nominee, 23 Groups Say
“As a private corporate attorney, MacBride defended fossil fuel companies, Wall Street giants, Big Tech monopolies, and a myriad of other corporate industries,” the groups wrote. “His past work fighting vigorously and successfully on behalf of corporations against the public interest disqualifies him from a role in the administration.”
July 06, 2021 | The Daily Beast
He Repped Exxon Against the U.S. What’s He Doing on Team Biden?
Neil MacBride spent eight years leveraging his government experience to defend Big Oil, Big Pharma, and Wall Street giants. Why does Biden want him back?
June 29, 2021 | The American Prospect
Op-Ed CryptocurrencyFederal ReserveFinancial RegulationFintechIndependent AgenciesTreasury Department
Biden Needs to Be Wary of Crypto Grifters
Interagency cooperation is essential to ensuring the Biden administration adequately manages the risks associated with the growth of cryptocurrency, including illicit finance, tax evasion, investor and customer protection, shadow banking, and financial stability.
June 21, 2021
Biden’s Climate Finance Convening Is Necessarily Incomplete Without Fully-Staffed Agencies
On the occasion of President Biden’s meeting with top financial regulators to discuss the health of the financial system, including climate-related risk, Revolving Door Project Executive Director Jeff Hauser issued the following statement:
June 14, 2021
BlackRock’s New Hire Embodies The Polluting Giant’s Revolving Door Regime
Asset management giant BlackRock most recently made the news for buying up huge tracts of U.S. housing stock to become, essentially, a massive corporate landlord at the expense of all the rest of us. (Seems like they are learning a thing or two from private equity firm Blackstone, to which they formerly belonged, which is infamous for its predatory and downright evil infiltration of the housing market.)