Search Results for

Clear All Filters

February 26, 2021

Elias Alsbergas

Blog Post

BankingExecutive BranchFinancial Regulation

Mark Zandi: The Worst Potential FHFA Regulator You’ve Never Heard Of

Almost every homeowner and most of the American mortgage-backed securities financial system is subject to the Federal Housing Finance Agency’s (FHFA) regulation. It oversees and guarantees the vast majority of mortgages bought and sold in the United States. The FHFA does this through quasi-public agencies, Fannie Mae and Freddie Mac, which buy mortgages from local banks that they bundle, chop up, and sell to investors. This arrangement ideally allows local banks to provide more and cheaper loans to potential homeowners by letting them sell their mortgage liabilities to the government, and gives investors access to relatively stable investment returns.

February 24, 2021

Press Release

2020 Election/TransitionDepartment of Justice

Revolving Door Project Sees Cause for Concern at Biden's Justice Department

At his confirmation hearings this week, Merrick Garland made admirable commitments to reinvigorate a beleaguered Justice Department and redirect its energies towards domestic terrorism, civil rights, and antitrust enforcement. His ability to deliver on those promises and more will depend on his resolve to break with tired norms where necessary and populate the Department’s highest ranks with unabashed champions for the public interest, not corporate apologists.

February 23, 2021 | Jacobin

Alex N. Press

Interview

Anti-MonopolyDepartment of JusticeEthics in GovernmentRevolving DoorTech

INTERVIEW: Who Is Merrick Garland's Friend Jamie Gorelick?

Jamie Gorelick, a high-powered lawyer who defended the city of Chicago after the police murder of Laquan McDonald and sits on the board of Amazon, is a case study of the influence big corporate law firms wield behind the scenes in Washington — and she has friends like Merrick Garland in high places in the Biden administration. The Revolving Door Project’s Elias Alsbergas and Max Moran spoke with Jacobin’s Alex N. Press about what Gorelick’s ties to Garland could mean for the Biden Administration’s Justice Department.

February 22, 2021

Eleanor Eagan

Blog Post

Administrative LawDepartment of Justice

The Trump Administration Made a Mockery of the Law. Why Hasn't Biden Tossed its Cases?

Donald Trump and his Department of Justice consistently made a mockery of the law throughout his four years in power. And while their laughable reasoning and indefensible positions were struck down at a historic rate, many cases were still waiting for Biden. The new administration tossed out a handful immediately but an alarming number remain, either in some form of pause or advancing forward with the Biden administration adopting Trump’s position.

February 22, 2021 | Responsible Statecraft

Brett Heinz

Op-Ed

Executive BranchForeign PolicyRevolving Door

American Primacy On The Menu For Big Industry Donors At CNAS

The Center for a New American Security (CNAS), a foreign policy think tank with at least 16 alumni in the Biden administration, has repeatedly published reports that directly promote the interests of its donors — including defense contractors, fossil fuel companies, and foreign governments — without disclosing their support. These conflicts of interest raise larger questions about what CNAS’ core philosophy of “extending American power” truly means.

February 19, 2021

Eleanor Eagan

Blog Post

2020 Election/TransitionIndependent Agencies

Senate Must Clear Obstacles and Avoid False Tradeoffs

On January 20, Joe Biden was sworn in as the country’s 46th President. It will be months, even years, however, before all of the accompanying members of his administration are in place. With over 4000 positions to fill, the vetting and selection process necessary to stand up a new administration is formidable. Add to that the lengthy road to Senate confirmation for over 1000 of those picks and you have a recipe for dysfunction.

February 17, 2021

Dorothy Slater

Report

2020 Election/TransitionClimateFinancial Regulation

The Industry Agenda: Fossil Fuel

The fossil fuel industry is one of the most notoriously profit-hungry and planet-destroying sets of corporations to exist today. The “fossil fuel industry” includes oil, gas, (yes, even the “natural” kind), and coal companies, as well as subsidiary companies involved in the extraction processes for these materials: land and off-shore drilling, fracking, and underground and surface mining.

February 17, 2021

Sion Bell

Blog Post

Department of JusticeIndependent Agencies

Neglected US Parole Commission a Crucial Component of Criminal Justice Reform

President Biden has committed his administration to countering economic and racial injustice. One area in which such injustices are notoriously and particularly prevalent is the criminal justice system, a reality all too clear for the millions of currently incarcerated Americans. Numerous studies have demonstrated the effects of systemic racism and classism on likelihood of arrest and imprisonment, but such discrimination also extends to the end of one’s sentence when an individual has the opportunity to begin their reintegration into society.

February 16, 2021

Dorothy Slater Sion Bell

Blog Post

2020 Election/TransitionClimateFinancial Regulation

How A Little-Known Treasury Position Could Move Mountains For Climate Action

President Biden has promised to take a “whole-of-government” approach to tackling the climate crisis, and so far his appointees appear to be following suit. The National Climate Task Force met for the first time in a crowded zoom room last week, and Treasury Secretary Janet Yellen and International Climate Envoy John Kerry met earlier this month to discuss their “climate finance plan” to shift capital towards investments in line with a low-carbon economy.

February 15, 2021

Jeff Hauser Andrea Beaty

Blog Post

Anti-MonopolyDepartment of Justice

Trump Appointees Still Setting Agenda At Biden’s Antitrust Division

Last week the Biden administration appointed career civil servant Richard Powers as Acting Assistant Attorney General for the Department of Justice Antitrust Division (ATR). With the question of who will become Assistant Attorney General still up in the air and their confirmation likely several months away, the direction of the ATR’s enforcement is left in the hands of three top officials.

February 12, 2021 | Talking Points Memo

Mariama Eversley

Op-Ed

Department of JusticeGovernment Capacity

Resignation of Trump-Appointed US Attorneys Is Just The Start Of DOJ’s De-Trumpification

In the Reconstruction era following the Civil War, the Department of Justice was created in part to deliver and oversee equal rights to formerly enslaved Black men and women. This corrective institution was a major step toward building a federal government that protects the civil rights of all its citizens. In the wrong hands, however, the department can be weaponized. Whether through inaction or outright hostility on issues ranging from white-collar crime to mass incarceration, the values animating the nation’s top law enforcement agency matter.