Rohit Chopra at the CFPB is attempting a delicate pincer movement: crack down on fintech insurgents while also addressing problems that have long plagued conventional banking.
Chopra aims to “restore relationship banking in an era of big data.”
The debate over big financial institutions is becoming: Break it up, or treat it as a systemically important utility.
Cornell’s @DanAwrey rejects “the neo-Brandeisian logic of, ‘If something is systemically important, it’s either infrastructure, or I have to break it up.’”
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“Unprecedented wave of mergers and a crippling erosion of the diversity and independence of the US media”
Critical of how U.S. uses soft power and NGOs to “brainwash local people with American values,” prior to interference particularly in LatAm and Caribbean.
“There isn’t going to be a big green Marshall plan”: @adam_tooze sobering look at COP26.
The consensus crystalizing around a market-led international energy transition is more ironic considering Biden’s revival of direct public investment at home.