SVB’s Lobby Groups Fought Proposal To Bolster Deposit Insurance
Months before Silicon Valley Bank collapsed, its D.C. advocacy groups said the FDIC initiative “would unduly burden banks.”
Economic Policy
SVB Chief Pressed Lawmakers To Weaken Bank Risk Regs
Collapsed bank’s president told Congress “enhanced prudential standards” should be lifted “given the low risk profile of our activities.”
The Fed Chair’s November Surprise
Jerome Powell is preparing to crash the economy days before the midterm elections, hurting workers and ushering his fellow Republicans into power.
Deferring To Donors, Dems Ignore Their Cautionary Tale
In 2014, the party learned pro-choice messaging can’t replace economic populism. That lesson is being ignored in deference to big money.
Dems Barely Messaging On Economic Issues
Republicans are spending Democrats into the ground on economic issues and inflation.
The Fed Is Trying To Crush You
On this week’s Lever Time, a leading economist explains how the Fed’s effort to combat inflation could harm millions of workers.
Powell Lets Wall Street Pay Skyrocket While Targeting Workers’ Wages
The Fed chair says his goal is to “get wages down” — but he has declined to reduce bankers’ record-high bonuses.
Biden Administration May Shield Bank Linked To Russian Oligarchs
Labor Department proposal would waive penalty for convicted bank Credit Suisse, whose donors gave more than $100,000 to Biden’s campaign.
Climate Warriors Get A New Weapon
Despite corporate opposition, Biden’s SEC issued a directive helping climate activists hold corporations accountable.
When A Swap Becomes A Swipe
A new lawsuit challenges an interest-rate scheme that critics say helped Wall Street loot communities across America.