Great news! Wall Street loves the Democratic party again. According to a New York Times report on Sunday, financial industry employees are giving more to Democrats than Republicans for the first time in years:
If you want to see clearly the actual aims of business, look at what their lobbying arms do. It is nothing but bribe-based rent-seeking covered by a thin, grimy layer of propaganda.
Sorry if you had anyone else winning in your Most Hideous Career After Leaving the Obama Administration bracket, because Tim Geithner just blew the competition out the water. The Washington Post has a detailed and devastating report, published Sunday evening, about the predatory lending activities of Mariner Finance,…
We’re still five months away from the 2018 midterms and already knee-deep in 2020 speculation, about all of the usual suspects and a bunch of billionaires cosplaying as Ross Perot. It’s on that premise that we got this bad CNBC story on Friday about Virginia Senator Mark Warner, a conservative Democrat who’s been such…
On Tuesday, while speaking at the Center for American Progress Ideas Conference, Senator Kirsten Gillibrand made a rhetorical boo-boo.
What is the most immoral industry? Tobacco? Maybe. Guns? A contender. But it is hard to imagine any industry more loathsome than private prisons. And everyone should know exactly what respectable people are giving private prisons their money.
The Trump Labor Department this week issued an extremely important advisory to all of you with retirement accounts: do not, under any circumstances, try to invest your money ethically. Got it?
Today, the House voted to approve the Volcker Rule Regulation Harmonization Act, an innocuous name for a not-so-innocuous bill. The bill would weaken the Volcker Rule, which prohibits banks from making speculative investments with regular people’s money (with exceptions), by exempting banks with less than $10 billion…
This piece is part of Splinter’s series The New Guard, where we interview progressive candidates who are running in 2018 midterm races across the country to shake up the Democratic Party establishment.
The Trump administration is reportedly set to announce that Larry Kudlow will replace Gary Cohn as the head of the National Economic Council and Donald Trump’s top economic adviser.
It’s been 10 years since the financial crisis devastated pretty much everyone besides America’s biggest banks, which were mostly bailed out and left unpunished. Now, thanks to a crucial assist from some Democrats in the Senate, we may be due for a repeat.
If there was one overriding thing that Americans were crying out for in the populist wave that swept our national politics in 2016, it was, uh... let me check my notes here... to make big banks riskier so that they can make a little more money before they blow up and we have to bail them out again.
Earlier this month, the Consumer Financial Protection Bureau asked for public comment on its enforcement processes, which includes the fines it levies against financial institutions for defrauding or abusing their customers. So far, pretty much everyone offering their comments seems to agree that’s a good thing. Even…
Why has the investor class been getting richer for decades as the working class’s share of the pie grows smaller? One prime reason is: our system, left unchecked, leads inevitably towards monopoly, which eats us all alive.
If anyone tries to make the argument to you that free markets rationally deploy capital towards its most productive purpose, ask them to explain the last month in the life of Kodak.