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November 20, 2021 | The American Prospect
Gensler Punts In Fight Over Auditing Watchdog
Gensler appears to have backed down from a full fight with Republicans on the SEC and in Congress. This is likely because Gensler needs to pick his battles, of which there are many. But in times as dire as these, choosing to let certain grifts carry on as normal is an ominous call.
November 19, 2021
FOIA Response Suggests Fed's Powell Was Dishonest About Personal Ethics Signoff
An inquiry from the Revolving Door Project has revealed the absence of any records of any communications of any kind between Powell and the Office of Government Ethics,
November 17, 2021
Revolver Spotlight: Charles Yi
Yi is the latest BigLaw revolver and corporate ally to join the Biden Administration.
November 08, 2021
Quarles' Resignation Alone Won't Change The Fed's Regulatory Status Quo
There is no assurance whatsoever that Quarles’ successor will have anything close to Quarles’ own power, should Biden refuse to nominate a new Federal Reserve Chair.
October 26, 2021
Yellen Is Empowering Powell and Selling Out the Climate
It is very possible that President Biden will show up empty-handed to COP26 in Glasgow next week. And that isn’t just because of the apocalyptic vanity of two Senators from Arizona and West Virginia. Many executive-led policies that are just a matter of political will have not been done, and some of those which have are pure paper tigers. Biden’s administration failed last week to take advantage of a lesser known, but extremely meaningful climate action opportunity. The Financial Stability Oversight Council (FSOC) released its long-awaited report on climate-related financial risk, which the President personally ordered months ago. And it was a complete flop.
October 26, 2021
The Myths And The Facts About Jerome Powell
We hope that these one-pagers help political professionals, the press, and onlookers to better understand the facts surrounding the reappointment debate.
October 21, 2021
Treasury's Climate Report Sees Impending Catastrophe And Shrugs
“It’s extremely disappointing to see this long-awaited report be so watered down by what can only be described as climate apathetic FSOC members.”
October 12, 2021 | The American Prospect
The Little-Known Power Brokers At The Federal Reserve
The cloistered, out-of-touch nature of Fed leadership derives mostly from its obscure senior staff members. And if one asks who sets the direction for them, one finds a fascinatingly top-heavy organizational structure.
October 07, 2021
Watchdogs Request Fed Leadership's Contacts With Ethics Office
“The malfeasance already in the public record is staggering. For the sake of government integrity, the public must learn how deep the rot goes at Powell’s Federal Reserve.”
September 23, 2021
Omarova Appointment Brings Expertise And Independence To Comptroller Role
Professor Omarova has spent over a decade fighting for the belief that the public should set rules for banks, rather than banks setting rules for the public.
September 10, 2021
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.