SoFi Bank’s Lawsuit to End the Student Loan Payment Pause Is Pure Corporate Greed SoFi Bank’s Lawsuit to End the Student Loan Payment Pause Is Pure Corporate Greed
The CEO of SoFi was paid nearly $103 million in 2021. Now the bank is suing the Biden administration in an attempt to gain even greater profits.
Apr 12, 2023 / StudentNation / Natalia Abrams, Cody Hounanian, and Sabrina Calazans
Why Has the Right Become Obsessed With Climate-Friendly Banking? Why Has the Right Become Obsessed With Climate-Friendly Banking?
It’s not because they're concerned about climate catastrophe.
Apr 6, 2023 / Stan Cox
What if the People Owned the Banks? What if the People Owned the Banks?
The case for public banking.
Mar 28, 2023 / Katrina vanden Heuvel
What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB
It’s a war for the dollar—and the big banks. The rest of us better hold on tight.
Mar 21, 2023 / Editorial / James K. Galbraith for The Nation
Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account
With the Silicon Valley Bank collapse, the senator demands an independent investigation of the Fed, and says Powell should not continue as its chair.
Mar 21, 2023 / John Nichols
Democrats Face a Terrible Reckoning on Bank Bailouts Democrats Face a Terrible Reckoning on Bank Bailouts
Barack Obama, Nancy Pelosi, Barney Frank, and a phalanx of senators are way too cozy with finance capital.
Mar 17, 2023 / Jeet Heer
A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity
With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.
Mar 17, 2023 / Doug Henwood
The Latest Banking Crisis Is Brought to You by the Federal Reserve The Latest Banking Crisis Is Brought to You by the Federal Reserve
There’s a lot of blame to go around for the failure of the Silicon Valley Bank. But the Fed’s myopic attitude towards inflation bears much of the responsibility.
Mar 17, 2023 / Left Coast / Sasha Abramsky
Silicon Valley Bank Didn’t Fund Black Lives Matter Silicon Valley Bank Didn’t Fund Black Lives Matter
The lies peddled by Fox News are getting more and more blatant.
Mar 16, 2023 / Joan Walsh
Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing
The Silicon Valley Bank collapse doesn’t require a bailout. It requires stronger bank oversight and the repeal of the 2018 “economic growth” act.
Mar 14, 2023 / John Nichols