Search Results for
January 29, 2019
How the Trump Team Might Make Some Hedge Funds Solvent Again
Eleanor Eagan and Jeff Hauser
Immediately following President Trump’s election, Fannie Mae and Freddie Mac’s future generated renewed and robust interest. The Government Sponsored Entities’ (GSE) shares rallied on expectations that the Trump administration would take both entities out of conservatorship in a manner that rewarded all shareholders, including hedge-fund speculators. In the intervening two years, however, those expectations faded and shares in the GSEs underwent a slow decline.
January 16, 2019
One Trump Appointee, Two Jobs, Too Many Causes for Concern
Eleanor Eagan, Jeff Hauser, and Adewale Maye
You have likely not heard of Joseph Otting, as he has generated comparatively little attention amidst the circus that is President Trump’s executive branch. However, he is a deeply problematic official who has quietly amassed power in critical agencies that receive far too little attention given their impact on the economy and housing. Amazingly, Otting seems to be using these agencies to act upon resentments he developed as a “controversial,” at best, banking executive, making him a perfect representative of why we are concerned by the revolving door problem in our federal government.
March 25, 2018 | The Hill
17 Senate Dems Broke their Contracts with their Voters
“Trump in power constitutes a crisis for America, and the opposition must be unified!” That’s been the cry from the Democratic party establishment since the presidential election of 2016.
As calls for unity go, this one is unusually justifiable, imperative, in fact. But the Democratic establishment broke faith with its own credo in the past few weeks, even as the benefits of a unified effort against Trump and the Republicans became clear in the congressional election that delivered a victory to Conor Lamb in Pennsylvania.
December 18, 2017
Steven Mnuchin’s Stealth Conflict of Interest
The only solution out of the quagmire of Trump’s National Finance Chair supervising an agency critical to Mueller’s investigation is for Mnuchin to recuse himself from supervision of FinCEN during the duration of Mueller’s investigation.
May 25, 2017
Rep. Delaney Consistently Sides with Corporations over Constituents
On the 17th of this month, a group of House Democrats, including Representative John Delaney (D-MD.), delivered a letter to President Trump offering, essentially, a trade: A tax holiday for international corporations in exchange for the guarantee that the money from that repatriation would be used exclusively to fund the country’s long-overdue infrastructure maintenance projects. Earlier this year Rep. Delaney also authored a tax and infrastructure bill which would allow corporations with funds outside the U.S. to return that money to the country at a tax rate of 8.57 percent (instead of the top corporate tax rate of 35 percent). Delaney, in his statement, called the bill a “pro-growth reform” and his co-sponsor, Rep. Rodney Davis (R-IL), said that it would “spur job creation”.