David Dayen

Maybe Eric Schmidt, Sheryl Sandberg, and Elon Musk Just Really Like Butte, Montana
September 17, 2013

The CEOs of the nation’s largest companies typically don’t have a reason to fly to Butte, Montana.

These Three Democrats Could Torpedo Larry Summers's Nomination
September 09, 2013

It has become glaringly obvious over the past couple months that President Obama wants to nominate Larry Summers to become the next chair of the Federal Reserve.

The 'London Whale' Case Lands Another Minnow
Criminal charges against JP Morgan traders let their bosses off the hook
August 15, 2013

It’s unusual to see anyone from the financial industry held accountable for misconduct in the post-crisis era. Criminal charges are even rarer.

Obama's Plan for Fannie and Freddie Just Repeats Old Mistakes
A Home for Every American Family? No!
August 07, 2013

President Obama's plan for Fannie and Freddie just repeats old mistakes.

The SEC Nails a Minnow While the Whales Go Free
Why wasn't Goldman Sachs on trial alongside Fabrice Tourre?
August 06, 2013

Last week, a jury in New York City convicted former Goldman Sachs trader Fabrice Tourre on six civil counts of securities fraud, for selling a toxic mortgage-backed bond to investors without disclosing that an architect of the deal, hedge fund Paulso

Eric Holder Thinks 'Real Housewives' Commit Mortgage Fraud–But Not Bank CEOs
July 30, 2013

The unstated purpose of reality television is for viewers to feel superior to the poor saps on screen.

Six Warnings for Ben Bernanke's Replacement
July 19, 2013

With Ben Bernanke’s term as Federal Reserve chair near expiration, virtually every economic policy pundit in good standing has thrown out their list of who should replace him. Some favor the aggressive regime shift of a Christina Romer.

A Liberal Lion With No Roar
How the Senate has frustrated Jeff Merkley
July 11, 2013

In another time, Oregon Senator Jeff Merkley would have a list of liberal accomplishments a mile long.

Unnatural Disaster
How mortgage servicers are strong-arming the victims of the Moore, Oklahoma tornado (among others)
June 17, 2013

On May 20, a massive EF5 tornado whipped through heavily populated Moore, Oklahoma, killing 24 and injuring nearly 400. That tragedy has now shifted into the drudgery of recovery.

Jamie Dimon Blackmailed His Own Bank—and Won
May 22, 2013

By threatening to resign as CEO, the JPMorgan honcho gave shareholders no choice but to keep him as chairman as well.