Category Archives: In the News

In The News: Wall Street Insider Turned Tough Market Cop: Biden’s Pick To Head SEC (NPR)

If he’s confirmed to run the SEC, there will be a lot that needs fixing, says Marcus Stanley, who worked with Gensler as a Senate staffer after the financial crisis. Stanley is now the policy director of Americans for Financial Reform. “It’s an absolutely critical regulator,” says Stanley, about the SEC. But, he says, “the SEC as an organization needs some change.” He says perhaps more than any other regulator, the SEC “continued with its pre-2008 record of deregulation, even after the financial crisis.”

In The News: Yellen Readies Big Changes for Treasury (The New York Times)

“There’s an emphasis on working people, racial justice and inequality, and that’s a good place to start,” said Lisa Donner, executive director of Americans for Financial Reform, an advocacy group that met with Ms. Yellen this month. “But reversing things that the current Treasury Department has done is not enough.”

In the News: ‘Build Back Better?’ Start with the Fed’s MLF (The Bond Buyer)

Next month, Joe Biden is going confront not only a terrible pandemic but also a pressing economic challenge. And this challenge is unfolding beyond Washington as the sum of thousands of smaller economic challenges being felt in statehouses, county seats, and city halls all across the country. Fortunately, there are tools at hand that President Biden can use. But he’ll have to be bold.

Education Secretary Betsy Devos at the White House on July 9, 2020.Kevin Lamarque / Reuters

Oped: Betsy Devos’ refusal to honor student loan forgiveness shows her disrespect for the law

“Even in a government full of people without the integrity, will or courage to do the right thing, most of the agencies stand down — or at least pretend to — when ordered by the courts. But not the Department of Education under Secretary Betsy DeVos, who seems to have been only further animated by her losses in court over her efforts to deny the rightful debt cancellations owed to people who attended predatory, for-profit colleges, borrowers who are disproportionately women and people of color, and often now working in front-line jobs.”