What is the fate of the consumer financial protection Bureau? on September 11, 2017 Ever since the Consumer Financial Protection Bureau was created, in 2010, certain Republicans in Washington have been fixated on shutting it down, or at least dramatically reducing its power. The agency had too much autonomy, they argued, and was part of a regulatory system that was discouraging banks from lending money, which in turn […]
What will be Preet Bhararas legacy? on August 28, 2017When the United States Court of Appeals for the Second Circuit upheld the conviction of Mathew Martoma yesterday, Preet Bharara might have breathed a sigh of relief. As the US Attorney for the Southern District of New York from 2009 until this past March, when President Trump fired him, Bharara led a crackdown on insider […]
The watchdogs keeping Wall Street in check on May 15, 2017Grand Cayman, the largest of the Cayman Islands, is distinguished by a crescent-shaped, white-sand beach lined with four- and five-star hotels, dive shops, and stores selling luxury goods at a price point you might expect in the Zurich airport. Two of the most popular activities are swimming with stingrays and operating offshore tax havens. It […]