Big Banks Suffer Rare Fail as Congressional Deal Cuts Nearly $1 Billion a Year in Handouts
A hundred-year-old giveaway to big banks is finally trimmed to pay for roads, bridges and mass transit.
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.
Contacts:
Posts:
WTO Ruling on Dolphin-Safe Tuna Labeling Illustrates Supremacy of Trade Agreements
International trade deals like the Trans-Pacific Partnership need to be carefully examined piece by piece because they can take precedence over a country's own laws.
Car Dealers Have Their Way With Congress
It's feeding frenzy time in Congress, as industries vie to attach "riders" to must-pass legislation. And nobody does it better than car dealers.
$5M Jury Award for One Foreclosure Fraud Makes U.S. Punishment Look Trivial
The government's $25 billion foreclosure fraud settlement with the big banks looks pathetic when you consider they could have been on the hook for trillions.
Trump Was Right About TPP Benefiting China
Trump never suggested that China was part of the TPP, only that the country would “come in, as they always do, through the back door” of the agreement.
TPP Trade Pact Would Give Wall Street a Trump Card to Block Regulations
Former Citibank executive Michael Froman, the U.S. trade representative, negotiated a pact that will give Citi and other banks a shot to undermine future financial reforms.
Chaffetz Uses House Chairmanship to Shield His Big Pharma Backers
House Democrats seeking answers from pharmaceutical companies accused of jacking up prices are hitting a stone wall.
![Aug. 28, 2015 - N, Minnesota, U.S. - Former Secretary of State Hillary Clinton spoke to the DNC summer meeting in Minneapolis. ] GLEN STUBBE * gstubbe@startribune.com Friday, August 28, 2015 Democratic National Committee Summer Meeting is being held in Minneapolis beginning Thursday. Hillary Clinton, Bernie Sanders, Martin O'Malley, Lincoln Chafee and Jim Webb are expected to address DNC meeting goers. ORG XMIT: MIN1508281306310222 (Credit Image: © Glen Stubbe/Minneapolis Star Tribune via ZUMA Wire)](https://theintercept.com/wp-content/uploads/2015/10/hillary-clinton.jpg?fit=768%2C384)
Clinton Takes Her Adviser’s Side, Attacking Big Banks but Not BlackRock
Clinton's reform plan goes easy on asset managers; Cheryl Mills, a close Clinton adviser, sits on the board of directors of BlackRock, the largest asset management firm in the world.
Obama Names Lisa Fairfax to SEC, a Vote for Wall Street Reform
Lisa Fairfax's nomination to fill the open Democratic seat on the SEC is a big win for advocates of Wall Street reform.
Right-Wing Think Tank Shills for Payday Lenders on New York Fed Website
The New York Federal Reserve Board publishes a highly contentious argument in defense of high-cost payday lenders.