Campaign Finance

Biden’s Futile Attempts To Win Back The Hearts Of Long-Gone Crypto Scammers Won’t Work. They Will, However, Allow The Democratic Party And Its Base To Get Fleeced.

We already know how the industry’s money gets lawmakers to launder its image, let’s not fall for it again.

Our review of campaign finance data shows that Sheffield has personally spent more than $750,000 to shape energy policy in his favor at the federal and state levels.

Josh Gottheimer, Joe Manchin, Henry Cuellar, and Dean Phillips are among the many Democrats to receive campaign donations from Clarence Thomas’ billionaire benefactor.

Because his corporate donors profit from them.

Biden’s best regulator takes aim at one of the biggest barriers to accessing rental housing.

The rapid meltdown of FTX stands as one of the most gruesome chapters in the annals of investment fiascos: think of the false technological promises of Elizabeth Holmes’s Theranos grift combined with the evaporation of Bernie Madoff’s prestigious Ponzi fund. But the saga of FTX involves much more than either the vanity and hubris of Holmes’s fraud offensive or the deceptive practices of the Madoff scam. The rapid rise and fall of Bankman-Fried points up the delusional character of information-age capitalism; Far from standing as an outlying trend within the crypto investment world, Bankman-Fried’s scam was nestled at the very heart of its prevailing business model.

Under-appreciated in the Michael Barr press blitz (again, including by us) is Barr’s current listed work as an advisor to the venture capital firm NYCA Partners, which exclusively invests in fintech startups.

During Janet Yellen’s confirmation hearing to become Secretary of the Treasury, she promised to “look to appoint someone at a very senior level” to lead the Treasury’s efforts on climate action.

Pete Buttigieg is now a top contender for Secretary of Transportation in the Biden Administration, but his tendency to shift policy positions based on the preferences of large donors and industry lobbyists remains a significant concern if he were chosen to head DOT.

Concerns over the presence of corporate insiders in the Biden administration are coming opportunistically from so-called “right-wing populists.” This makes it all the more important for Biden and the Democrats to close the revolving door once and for all.