California’s Crypto Champion
Gov. Gavin Newsom has vetoed crypto regulations and spearheaded industry spin pieces for the benefit of his friends and donors in Big Tech.
Business
Critical coverage on the global financial system and domestic policies that shape the U.S. economy, with a focus on corporate wrongdoing.
In Chicago Mayoral Race, Plutocrats Spend Big Against New Taxes
Paul Vallas has raked in $1.6 million from executives at financial firms that could be hit by his progressive opponent’s proposed tax on speculative trades.
Republican Tells Lobbyists It’s “Hackish” To Blame Bank Failures On Deregulation
Patrick McHenry defends Trump’s bank deregulation law days before leading an inquiry into the collapse of Signature Bank — his top donor.
LEVER TIME: Who Created America’s Free Market Mythology?
On this week’s Lever Time: How General Electric manufactured an ideology
Facing Collapse, Trump-Linked Bank Fought Regulators
Only months before its troubles, First Republic pressured bank overseers to preserve the status quo
How Vallas Helped Wall Street Loot Chicago’s Schools
Chicago’s mayoral aspirant enriched banks and helped create a financial crisis for the nation’s fourth largest school system.
LEVER TIME: She Was Blocked for Being Right on Banks
On this week’s Lever Time: Saule Omarova’s warnings about deregulation were rejected
Document Shows Regulators Knew Of SVB Risk Five Years Ago
Bank overseers published a 2018 report with a major red flag about Silicon Valley Bank — and then they ignored it.
Meet The Champions Of Banking Deregulation
See who helped slash bank rules before Silicon Valley Bank’s collapse, what they said at the time, and what they’re saying now.
Fed Insisted SVB Posed No Serious Risk To Financial System
Less than two years later, Fed Chair Jerome Powell cited systemic risk as justification to protect Silicon Valley Bank’s depositors.