Hedge Fund Managers Expect a Return on Their Investment in Donald Trump
Trump’s victory has facilitated one of the most audacious hedge fund plays in recent U.S. history — one poised to pay off in billions of dollars.
David Dayen
David Dayen is the executive editor of The American Prospect. His latest book, “Monopolized: Life in the Age of Corporate Power,” was released in July 2020.
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Google Gets a Seat on the Trump Transition Team
Joshua Wright is in charge of transition efforts at the influential Federal Trade Commission after pulling off the rare revolving-door quadruple-play.
Trump Presidency Could Be Worth $14 Billion to His Troubled Lender
Deutsche Bank is unlikely to pay its rumored $14 billion fine to the DOJ over crisis-related mortgage abuses now that one of its biggest borrowers will be president.
Foreclosure Victims Say Donald Trump's Economic Advisor Drove Them Out of Their Homes
A network of homeowners has accused LNV Corporation, whose sole board member is Trump adviser and noted poker player Andy Beal, of wrongfully foreclosing on their properties.
Money Manager Thinks "High-Decibel" Elizabeth Warren Doesn’t Know Her Place
Roger Lowenstein complains that Warren is “painting bankers with as broad a brush as Donald J. Trump uses to demean Muslims.”
Debate Moderators Under the Spell of Deficit-Obsessed Billionaire Pete Peterson
Debate moderators Elaine Quijano and Chris Wallace outsourced their domestic-policy questions to a cabal of self-styled serious grown-ups who believe that cutting Social Security and Medicare makes them look like paragons of virtue.
Just Four Months Ago, New Wells Fargo Chief Said No Changes in Sales Strategy
Wells Fargo’s new CEO, Tim Sloan, told a leading industry trade publication in June 2016 that the bank’s aggressive sales culture was appropriate and “is not going to change.”
Behind Closed Doors, Hillary Clinton Sympathized With Goldman Sachs Over Financial Reform
Clinton almost apologized for the Dodd-Frank reform bill, explaining that it had to pass “for political reasons."
Google Said It Would Ban All Payday Loan Ads. It Didn't.
Brokers that connect borrowers to payday lenders still buy Google ads, easily sidestepping the company’s ballyhooed rules.
The Penny Stock Chronicles
The Half Billion Dollar Glitch
Knight Capital made headlines around the world when one of its computers went on a shopping spree that ended up costing the company $440 million. So surely its secrets would come out now.