Bharara Preet Headshot

When It Comes to Wall Street, Preet Bharara Is No Hero

When It Comes to Wall Street, Preet Bharara Is No Hero

After his election in 1968, President Richard Nixon asked Robert Morgenthau, the US Attorney for the Southern District of New York, to resign. Morgenthau refused to leave voluntarily, saying it degraded the office to treat it as a patronage position. Nixon’s move precipitated a political crisis. The president named a replacement. Powerful politicians lined up to…

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Puerto Rico PREPA

Puerto Rico Turns to Lewandowski to Lobby Trump on Debt

Puerto Rico Turns to Lewandowski to Lobby Trump on Debt

The hedge funds and insurance companies that want financially strapped Puerto Rico to pay them back in full may have found a new ally: Donald Trump’s former campaign manager, Corey Lewandowski. The newly elected governor of Puerto Rico is in discussions to hire Lewandowski’s lobbying firm, at a time when the island’s creditors are hoping that…

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Wall Street

Trump’s Advisor on Wall Street Regulations is a Longtime Swamp-Dweller

Surprise: Trump’s Advisor on Wall Street Regulations is a Longtime Swamp-Dweller

President-elect Donald Trump’s transition-team adviser on financial policies and appointments, Paul Atkins, has been depicted as an ideological advocate of small government. But the ways that the Trump administration and Congressional Republicans are likely to approach financial deregulation could serve Atkins’ wallet as well as his political agenda. Like Trump himself, Atkins himself faces potential conflicts…

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These Professors Make More Than A Thousand Bucks An Hour Peddling Mega-Mergers

ProPublica Share on Facebook Share on Twitter Comment Donate Cameron Cottrill, special to ProPublica These Professors Make More Than a Thousand Bucks an Hour Peddling Mega-Mergers The economists are leveraging their academic prestige with secret reports justifying corporate concentration. Their predictions are often wrong and consumers pay the price. by Jesse Eisinger and Justin Elliott, ProPublica…

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Private Equity, Brexit

The Surreal Politics of a Billionaire’s Tax Loophole

The Surreal Politics of a Billionaire’s Tax Loophole

This story was co-published with The Daily Beast. For years, Democratic elected officials in Washington have been wary of going after Wall Street excesses too hard, lest the deep-pocketed financial industry throw all its resources to Republicans. This has been especially true of one of the most notorious targets for financial reform: the favorable tax treatment…

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