Campaign Finance

November 14, 2022 | The Nation

Timi Iwayemi

Op-Ed Campaign FinanceClimateCryptocurrencyFinancial Regulation

Money From Nothing: Sam Bankman-Fried’s Crypto Shakedown

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.

May 27, 2020

Erica Jung

Blog Post

2020 Election/TransitionCampaign FinanceForeign Policy

What Might a Biden Administration’s Policy Towards India Look Like?

Former Vice President and current Democratic presidential nominee Joe Biden has often boasted of his considerable foreign policy experience, having served on the Senate Foreign Relations Committee and played an active role in the Obama administration’s foreign policy making. Throughout the 2020 primary, however, Biden’s foreign policy agenda rarely featured. A closer look reveals significant cause for concern. While Biden seeks to show that his foreign policy platform would be more progressive than that of Trump’s, his record has weak spots when it comes to far-right Indian nationalism.

May 11, 2020

Miranda Litwak

Blog Post

2020 Election/TransitionCampaign FinanceLarry SummersTech

Biden's Ties to Immigration Enforcement Run Through BigTech

As we creep closer to November’s election, Democratic politicians–progressives and moderates alike–have largely fallen in line behind presumptive Democratic nominee Joe Biden. Even so, Biden must earn the vote of many progressive voters who are wary of his pro-corporate leanings. While Biden showed promise by teaming up with Sanders’ campaign on policy, there is still cause for grave concern. Just last week, the public learned that Larry Summers was advising the Biden campaign. Last month Biden’s donors put out a list of ideal candidates for senior-level administration positions, which included Wall Street big wigs such as BlackRock CEO Laurence Fink, Blackstone executive Tony James, and investment banker Mark Gallogly. Biden’s wealthy donors must be monitored in order to prevent corporate interests from capturing his transition-planning effort.

May 11, 2020

Eleanor Eagan

Blog Post

2020 Election/TransitionCampaign Finance

Biden's No Trumpian Real Estate Tycoon, But Still Receives Heavy Real Estate Backing

With real estate tycoon Donald Trump in the White House, the average American is likely more aware than ever of the many ways the federal government helps to subsidize real estate profits. As the average person increasingly struggles to pay rising housing costs with stagnating wages, real estate giants make out like bandits with the help of tax loopholes and direct subsidies. Already a matter of pressing national concern, this stark disparity is only likely to become more salient in the coming months as the pandemic sheds light on the risks of our housing system’s precarity and undermines many people’s fragile grip on housing stability.