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September 30, 2021
Powell And Vice Chairs Transacted Millions In 2020, While Brainard Made No Trades
The fact that the Fed’s current leadership team made or benefitted from multimillion dollar transactions contextualizes what we’ve seen at the Boston and Dallas regional banks: Chair Powell has facilitated a broad culture of lax ethical practices at the highest levels of the nation’s central bank.
September 23, 2021
The Other Ethics Issues At The Fed Regional Banks
Kaplan and Rosengren’s scandals aren’t the only ethics questions surrounding the Fed leadership’s conduct which merit greater scrutiny.
September 17, 2021
Powell's Carlyle Past Meets The Fed's Ethics Scandal Present
For those less familiar with the Carlyle Group, the private equity firm where Powell was a partner and senior lawyer from 1997 – 2005, here’s a quick overview of their history with capitalizing on political connections and the revolving door.
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.
September 01, 2021 | Sludge
Biden Oil Envoy Advised Emirati Gas Firm and Owns Stock in Human Rights-Violating Companies
A financial disclosure reveals that Special Envoy for Energy Affairs Amos Hochstein operated a shadow consultancy with foreign fossil fuel clients.
August 23, 2021
An Advocate, A Hack, And An Ethics Law Violator Walk Into A Social Security Office...
Given a choice between someone who’s dedicated her career to fighting for Social Security recipients, a corporate ally with only a passing interest in the program, and an ethics law violator, Biden shouldn’t have a hard time choosing.
August 19, 2021
The Fed's Municipal Lending Failed Black Public-Sector Workers
Disproportionately Black cities were the ones most in need of a non-profit-seeking investment alternative during the COVID-19 crisis. The Fed’s program to fill that need failed to deliver.
August 19, 2021
Key Points On Jerome Powell's Union-Busting, Fossil Fuel-Investing Private Equity Record
The following points are taken from Revolving Door Project’s extensive research document on Jerome Powell’s private-sector record, which includes work at union-busting and fossil fuel-investing firms.
August 13, 2021 | American Prospect
Biden's Oil-Friendly Appointees
Hochstein is not even a skeptic of the fossil fuel industry, much less an environmentalist. His life’s work has been planting American flags on global fossil fuel reserves, facilitating the drilling and pumping of their contents, and inflicting pain on anyone who gets in the way.
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 09, 2021
Biden Picks Fintech Speculator And Morgan Stanley Alum For Federal Pensions Board
President Biden has repeatedly declared himself “the most pro-union President you’ve ever seen.” But a pro-labor President should also support the workers for whom he’s the boss — namely, the federal civil service.
August 05, 2021
NSO Group Knew Who To Call In Washington
SKDKnickerbocker more or less specializes in running interference for deeply awful companies when a Democratic administration might be inclined to have them face consequences for the harms they cause.
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.
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.