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May 05, 2021
Bust Up Corruption And Protect The Public: Clean House At The PCAOB
When there actually are odious, greedy bad guys stuffed away in a back-room scheming, it’s pretty good politics to bust it up and take credit for doing so. Just such a racket is happening right now in an obscure corner of the executive branch, and all it would take to end it is some muscle from the President and one of his most-praised appointees.
May 03, 2021
Brad Karp Harasses Journalists. Why Are Journalists Quoting Him Uncritically?
Karp’s own “strong ethical code” includes not just mass payoffs to Democratic politicians, as I wrote about last year, but more relevantly, organized intimidation of the press for ever daring to report unflatting facts about Paul, Weiss.
April 28, 2021
Revolver Spotlight: Alex Oh
Last week, SEC Commissioner Gary Gensler named corporate BigLaw partner Alex Oh as Director of Enforcement of the SEC. Oh’s nomination, especially in an agency tasked with holding Big Banks accountable, is deeply concerning given her history working for some of the worst corporate influences. Oh, who has served as a partner at the BigLaw firm Paul Weiss since 2004, has taken on clients with direct conflicts of interest including Big Banks, fossil fuel companies, and Big Pharma.
April 28, 2021
SEC's New Enforcement Director, Alex Oh, Is Bad News For Climate
Progressives and climate activists were initially heartened by the prospect of Gary Gensler at the helm of the U.S. Securities and Exchange Commission (SEC), the regulatory powerhouse responsible for regulating coordinating stock trading. And some of Gensler’s initial staffing decisions also inspired plaudits. However, we were shocked when SEC Chairman Gensler announced last week he would appoint veteran Wall Street defense lawyer Alex Oh to lead the SEC’s powerful enforcement division. This appointment is an absolute rejection of progressive values, not to mention climate reality.
April 27, 2021
Questions for Joe Biden and Merrick Garland’s Department of Justice
Amid a transition season of bruising battles between progressives and the old guard over Biden’s Cabinet picks, Merrick Garland for Attorney General was one choice that sparked relatively little controversy. Three months into Biden’s presidency, however, Garland is quickly shaping up to be the most consequentially bad Cabinet pick. On any number of important metrics — sweeping out holdovers from the Trump administration and reversing its positions, preventing corporate capture, and acting aggressively to advance the public interest — Garland is failing.
April 27, 2021
The Longer Trump’s Acting Comptroller Stays, The More Damage He’ll Do
Under Otting and Brooks’ leadership, the OCC rolled out rules contrary to its responsibility to maintain a federal banking system that is safe against systemic risks and provides aid to all customers. Now they’re all out of power — but Acting Comptroller, Blake Paulson, whose ascent was ensured by Brooks and Mnuchin, has demonstrated no desire to change course from the path set by Trump’s lackeys. That is why Biden needs to act quickly and appoint a Comptroller who recognizes the dangerous precedent set by the Trump administration.
April 22, 2021
Merrick Garland: A Potential Wolf in Sheep’s Clothing for Criminal Justice Advocates
Last May, as the country first erupted into protests over George Floyd’s murder at the hands of Minneapolis police officer Derek Chauvin, Biden promised that he would deliver “real police reform” if elected president. The country’s eyes are on Minnesota again this week after a police officer in a Minneapolis suburb shot and killed Daunte Wright, sparking a new wave of protests. This time, Biden need no longer speak in hypotheticals; he is President. Will his administration deliver?
April 22, 2021
Delaware Connections Run Deep As DuPont Family's Darla Pomeroy Heads To Treasury
Darla Pomeroy, who is married to an heir to the DuPont family fortune, was just named Senior Advisor to the Office of Domestic Finance at the US Treasury. While her record does not show any familiarity with financial regulatory policy, it reveals instead a history of a powerful corporation highly influential in Delaware placing a close ally in the administration.
April 21, 2021
Education Department Must Rein In For-Profit College Industry Mergers And Reclassifications
The Education Department controls almost every aspect of regulating for-profits, from certifying the accrediting agencies to the enforcement of student protections like the gainful employment rule and the borrower defense rule.
April 21, 2021
100 Days In and Biden Still has Trump Holdovers Left to Fire
As the end of his first 100 days nears, Biden has signed into law COVID relief legislation, published his inaugural budget proposal, and begun rolling back some of the damage wrought by the Trump years. On the campaign trail, Biden rightfully described Trump as an “existential threat”.
April 19, 2021
In Latest Disappointment From Yellen, John Morton Is Treasury's New Climate Counselor
The U.S. Treasury Department announced today that John Morton would be appointed as its first Climate “Counselor,” tasked with organizing financial-related climate work across the executive branch’s financial regulators.
April 16, 2021
The Brother Of A Pharma Lobbyist Advises Biden As He Weighs Vaccine IP Waiver
Despite pushback from progressives, Ricchetti has continued to hold a powerful advisory position in the Biden White House. His background in corporate lobbying and strong ties to the pharmaceutical industry are deeply troubling signs as the Biden Administration faces enormously consequential decisions about how to end the COVID-19 pandemic.
April 15, 2021
Why Is Politico's Ryan Heath Carrying Water For Big Pharma Monopolies?
The world is currently at an inflection point – Western leaders can choose to continue blocking the TRIPS waiver and lock in a cycle of dependence or empower poorer countries to develop generic vaccines and build infrastructure that will safely put the pandemic behind us. Critiques of the TRIPS waiver claim that most poor countries lack the infrastructure to carry out vaccine operations – a paternalistic view that suggests that manufacturing capacity, supply chain management, and logistics are static in nature. The sooner we act, the more time poorer countries have to begin mobilizing resources needed to make generic vaccine development possible.
April 14, 2021
Biden’s Build Back Better is Behind Schedule
On the campaign trail, Biden was reluctant to criticize any aspect of the “Obama-Biden” administration’s record. Since taking office, however, he has made perfectly clear that he is aware of, and has learned from, many of its mistakes. Having watched how an anemic stimulus package in 2009 delivered a slow, faltering recovery and political carnage, the Biden administration chose to go big with its economic response. This initial, consequential departure has earned Biden accolades and prompted a “growing narrative that he’s bolder and bigger-thinking than President Obama” (a narrative Biden reportedly loves). But while Biden may be surpassing Obama legislatively, he is lagging behind him when it comes to the pace of nominations, delaying policy implementation and preventing his administration from reaching its full potential.
April 14, 2021
Revolver Spotlight: Sarah Bianchi
With his nomination of Katherine Tai, who has advocated for a worker-centered trade policy, Biden demonstrated his commitment to transforming the trade agenda in the Democratic party. Unfortunately, his choice of Sarah Bianchi to serve as deputy USTR could undermine these efforts: