March 05, 2024 | The Sling
The Proposed Merger of Capital One and Discover Deserves Rigorous Scrutiny
Last month, Capital One announced that it plans to purchase Discover in a deal worth $35.3 billion. For their campaign to secure regulatory approval, Capital One is trying to act like a benevolent pro-consumer company that will use economies of scale to lower interest rates and ramp up competition with Visa and Mastercard. But that’s probably baloney.
February 05, 2024
Will Jay Powell’s Cheerleaders Ever Admit They Were Wrong?
Soon after Biden renominated Powell, the ostensibly dovish Fed chair embarked on the most intense and sustained series of rate hikes in decades. We were told that this wouldn’t happen!
February 02, 2024
Conspiracy (Taylor’s Version): On Conservative Crazies, The Media Definition of “Economist,” And Our Humble Little Clown Show
On Conservative Crazies, The Media Definition of “Economist,” And Our Humble Little Clown Show
January 29, 2024 | The Sling
To Save the Planet, Biden Should Not Renominate Powell
Inflation is falling, but Jerome Powell has nothing to do with it. Our democracy and climate face mounting instability—and he has everything to do with that.
January 26, 2024 | The American Prospect
Corporate Self-Oversight
Accounting’s technical jargon makes the industry obscure to most Americans. It’s likely your next-door neighbor has no idea of the PCAOB’s activities, its responsibility to protect investors, or its history of negligence. That’s expected, but chair Williams is now working to turn the ship around to fix the shortcomings of one of America’s most consequential oligopolies, and it will improve the economic lives of an unaware public.
December 21, 2023
Bitnomial CEO Cheers After Disturbing Day at CFTC
Dissenting Commissioner Christy Goldsmith Romero, meanwhile, warned that the agency’s approval of a vertically integrated crypto market threatens to open a Pandora’s box.
December 14, 2023 | The American Prospect
Kenny Stancil Dylan Gyauch-Lewis
Op-Ed Ethics in GovernmentFederal ReserveFinancial RegulationIndependent Agencies
Corporate Headhunters Shouldn’t Control Who Can Be a Fed Reserve Bank President
We need a democratic process for appointing leaders of regional Fed banks.
December 08, 2023
Credulous Press Shouldn’t Buy That Binance Will Be OK
Overemphasizing the fines leveled against the crypto exchange ignores the true point of the settlement: regulatory compliance.
December 07, 2023 | The American Prospect
Wall Street’s Favorite Financial Regulator May Be Looking for a New Job
CFTC Chair Rostin Behnam’s term doesn’t end until 2026, but there are rumblings of an early exit to the private sector. Place your bets where he’ll end up next!
December 07, 2023
Henry Burke Jeff Hauser Kenny Stancil
FOIA RequestPress Release CryptocurrencyEthics in GovernmentFinancial RegulationFintechRevolving Door
RELEASE: The Revolving Door Project, A Government Ethics Watchdog, Alerts Media Of Possibility That CFTC Chair Rostin Behnam Is Considering Leaving Government To Cash Out In Private Industry
President Biden’s Commodity Futures Trading Commission chair has used a light-touch approach to regulation throughout his tenure, making a lot of friends on Wall Street and in the world of cryptocurrency. He could become the Biden administration’s highest-profile regulator to revolve thus far.
December 01, 2023
HackwatchNewsletter BankingCongressional OversightConsumer ProtectionFinancial RegulationIndependent Agencies
Wall Street’s Favorite Republicans Are Still Attacking The CFPB
These corporate shills are not “positive pragmatists”, no matter what the mainstream media tells you.
October 19, 2023
RELEASE: Corporation Long Advised by Larry Summers Faces Federal Court Order After Refusing To Comply With SEC Subpoena
Revolving Door Project Executive Director Jeff Hauser released the following statement in response to Southern District of New York Judge Jed Rakoff’s court order demanding Genesis Global Trading comply with the SEC subpoena:
October 02, 2023 | The American Prospect
Op-Ed Consumer ProtectionEthics in GovernmentFinancial RegulationIndependent AgenciesJudiciarySupreme Court
Clarence Thomas Has Yet Another Huge Conflict of Interest
Revolving Door Project research reveals that right-wing elites in the Horatio Alger Association stand to benefit from a lawsuit attempting to destroy the CFPB. The group has close ties to Clarence Thomas.
September 28, 2023
Blog Post Consumer ProtectionEthics in GovernmentFinancial RegulationIndependent AgenciesJudiciarySupreme Court
Everything You Should Know About The CFPB SCOTUS Case
Corporate predators and their Republican lackeys want our corrupt Supreme Court to make fraud legal again. Their greed could yield catastrophic economic damage.