April 26, 2023
Memo To Reporters: What The Fed's Self-Investigation Must Explore To Be Credible
The Fed report is being written by Vice Chair for Supervision Michael Barr, whose own failures ought to be among the report’s focuses.
April 19, 2023
Amid Reports of Block’s Alleged Criminality, How Does Board Member Larry Summers Manage His Multiple Corporate Engantlements?
It’s high time that members of the press who regularly turn to Summers for his views on the economy begin questioning him on how he is able to adequately perform his multiple advisory roles and moreover, why there is a pattern of illegality at firms he advises. Or they could simply toss him to the aether, and platform non-conflicted experts instead.
April 19, 2023
Biden's World Bank Nominee Oversaw An Anti-Competitive Price-Fixing Scandal
Mastercard has paid $3.2 billion since 2005 in fines and penalties for price-fixing, the fourth-highest total of any American company.
April 18, 2023 | The New Republic
2020 Election/TransitionClimate and EnvironmentDepartment of JusticeEthics in GovernmentGovernanceRevolving Door
The Ghost of a Trump Appointee Is Haunting Merrick Garland’s Justice Department
Tracing Clark’s lingering impact on ongoing litigation makes clear that the legacy of Trump’s Justice Department still haunts our governance and that failing to treat his cronies like the menace they are is worsening outcomes across the country. In some cases, Attorney General Merrick Garland is still carrying forward with the arguments Clark helped shape. In others, the Justice Department and its client agencies are at a critical juncture of having to decide whether to break from past positions or maintain continuity with positions they adopted during the Trump administration.
April 05, 2023 | Revolving Door Project Newsletter
Dylan Gyauch-Lewis Hannah Story Brown
Department of JusticeDepartment of TransportationFinancial RegulationGovernanceIndependent AgenciesRevolving Door
Several Flavors of Regulatory Failures
Until the Biden administration learns that they need to draw a sharp contrast with their predecessors and, generally, do a full 180, they will keep getting egg on their faces. And when the blame genuinely belongs to both the Trump and Biden administrations, warranted criticism of disastrous Republican deregulation is undermined.
March 31, 2023
As We Say Good Riddance, Which Corporate-Funded Entity Will Give Christine Wilson A Warm And Lucrative Welcome?
Today marks Christine Wilson’s final day as a Commissioner for the Federal Trade Commission. The question on the top of our minds: Will Wilson follow in the footsteps of her former colleague, and RDP’s 2022 “Revolver of the Year,” Noah Phillips, and move to a cushy BigLaw job defending corporations from antitrust enforcement?
March 23, 2023
Larry Summers-Linked Payments Company Accused of Criminality
Short-seller Hindenburg Research says the payments mogul Block has inflated user metrics, ignored widespread criminal transactions on its platforms, and evaded regulations.
March 22, 2023
Press Release Economic MediaEthics in GovernmentHack WatchLarry SummersMarc GoldweinMaya MacGuineasRevolving DoorSteven Rattner
Ethics Watchdog Launches "Hack Watch" Website Tracking Media Analysts
Larry Summers, Steven Rattner, Marc Goldwein, Maya MacGuineas Among Top Targets
March 15, 2023 | The Nation
Why Is Larry Summers So Obsessed With Tech Bros?
For the past two years, former Treasury secretary Larry Summers has begged, berated, and bullied federal policy-makers to suck as much wealth as possible, as fast as possible, out of the economy. He just never meant, you know, his wealth or his friends’ wealth.
March 12, 2023 | Common Dreams
Wilson’s Parting Shots Draw Attention To Her Actual Conflicts of Interest
Christine Wilson leaving the FTC is good news for anyone who cares about effective antitrust enforcement. A quintessential revolving door figure, Wilson’s tenure was only useful to her job prospects once she decided it was time to leave the FTC.
March 08, 2023
Does Austan Goolsbee Still Blindly Trust Wall Street?
His defense of HAMP is that his hands were tied, but he seemingly went out of his way to handcuff himself.
March 01, 2023
We Don't Need A Morgan Stanley Economist On The Fed
The conflict of interest here would be self-evident.
February 24, 2023 | Revolving Door Project newsletter
"Economic Science" Is Whatever Larry Summers Wants It To Be
In many cases, Summers refuses to distinguish between his personal ideology about economics and what he thinks are scientific laws of nature.
February 23, 2023
Biden Must Retract World Bank Nomination Immediately
“Neither private equity, nor Mastercard, nor Citigroup, nor PepsiCo, nor Nestlé, nor Dow promote shared prosperity.”
February 17, 2023 | RDP Newsletter