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No one can reasonably retain a shred of benefit of the doubt in the face of this evidence.

If we at the Revolving Door Project could exhort the Biden administration to do anything, it would be this: Choose the right enemies—rich, powerful corporations that harm the public, most often with impunity. Sometimes you will lose, but that doesn’t mean you should forfeit the fight. And getting caught trying can inspire the public to rally around a political party and its leaders.

Today marks Christine Wilson’s final day as a Commissioner for the Federal Trade Commission. The question on the top of our minds: Will Wilson follow in the footsteps of her former colleague, and RDP’s 2022 “Revolver of the Year,” Noah Phillips, and move to a cushy BigLaw job defending corporations from antitrust enforcement? 

When bankers blow their businesses up, it’s no-questions-asked bailout time. When student borrowers need relief, not so much.

American workers have just started getting the barest minimum of a few lucky breaks. But that is terrifying to Rattner and his fellow moguls, so they need some sort of rational argument for why these bare scraps of power are actually bad for everyone.

This is the latest installment of a new biweekly blog series from RDP. Every two weeks, we call out ongoing trends in media coverage of the Justice Department’s focus and priorities, giving context from our past DOJ oversight work as needed, with an eye to the impact of DOJ capacity and resources, as well as alignment with the Biden administration’s professed goals.

Corporate media continues to carry water for Big Real Estate by presenting industry-aligned talking heads as neutral “experts”.

Short-seller Hindenburg Research says the payments mogul Block has inflated user metrics, ignored widespread criminal transactions on its platforms, and evaded regulations.

Unfortunately, America’s rail workers are all too familiar with the consequences of how the railroad industry has been operated over the past 30 years. Precision scheduled railroading (PSR) has made the difference. PSR is a business model focused on reducing overhead costs and generating returns for shareholders. Similar to many other business models driven by financialization, it’s effectively  a scheme by giant railroad operators to cut staff and backup resources, push the remaining equipment and personnel to the breaking point, and funnel as much of the cash as possible to Wall Street. And by increasing market concentration even further, the recently approved rail merger between Canadian Pacific (CP) and Kansas City Southern (KCS) promises to make the situation even more dire — for railroad workers, for the communities our rail lines pass through, and for the American economy.

Larry Summers, Steven Rattner, Marc Goldwein, Maya MacGuineas Among Top Targets

The SVB collapse rubs in our collective faces the fact that the financiers with great influence over our political economy are, by and large, a pack of greedy idiots.

Just last week, I highlighted the enormous stakes of the Justice Department’s long-anticipated filing in a climate liability case brought by Boulder County, Colorado against fossil fuel companies Suncor Energy and ExxonMobil seeking damages for their campaign of corporate deception. […] Yesterday, the Justice Department finally offered its answer.