Prospect

Supervisors are trying to claim that they warned the bank about its riskiness. But the central bank willingly weakened its supervisory operation.

High interest rates only worsen the shortage of affordable housing, but the cure lies far beyond the realm of monetary policy.

In France, Israel, and just maybe, here, assaults on social rights by flawed governmental structures create the need for government-by-protest.

Does the plea bargain by Carrie Tolstedt, who led Wells’s corrupt fleecing of customers, suggest a belated criminal crackdown on corporate crooks?

Try, try again. Here’s the epic saga the Biden administration wants to add to.

Get rich by getting the rubes mad.

Today on TAP: A prime casualty of the crisis set off by the failure of Silicon Valley Bank could be Fed Chair Jay Powell—all too appropriately, and none too soon.

When banks are too big to fail, their capacity for stupid behavior is greatly increased.

Michigan is one step closer to repealing right to work; why the end of two-tier wages at Caterpillar shows corporate America’s immense power over workers.

The Fed chair resisted mentioning supervision, regulation, or accountability after the collapse of Silicon Valley Bank. His resistance delayed the announcement.

Today on TAP: Facing legislative defeat, France’s president raises the nation’s retirement age all by his lonesome.

Ramenda Cyrus and Robert Kuttner discuss how to maintain hope and effort during dark times.

According to a whistleblower complaint, Canadian Pacific and Kansas City Southern held talks and shared sensitive information prior to their merger approval. That would be illegal.

Rep. Ro Khanna, who stumped aggressively for a depositor bailout at Silicon Valley Bank, now will solicit funds with David Sacks, one of the loudest supporters of that policy.

More taxpayer education could get some people out of this IRS vortex, but the real issue is assumptions guiding the agency’s apparent fixation on certain Black filers.

Today on TAP: Nobody understands or explains the corruption of the financial system better than the Massachusetts senator.

Professor Jon Shelton explains why education doesn't fix inequality.

Bad financial supervision, a panicky response, and now the Fed has created a trigger policy for more inflation.

Financial expert Daniel Davies explains why Silicon Valley Bank imploded.

Every individual and business should get the same Federal Reserve account benefits that banks enjoy.