US EditionPublished • loading... • Updated
Trump’s SEC May Tee Up a Repeat of the 2008 Financial Crisis
The SEC seeks input on easing rules to revive the dormant residential mortgage-backed securities market amid $10.3 million in lobbying by major banks in 2025.
Summary by Jacobin
3 Articles
3 Articles
Trump’s SEC May Tee Up a Repeat of the 2008 Financial Crisis
Amid aggressive bank lobbying and Donald Trump’s efforts at deregulation, we may be seeing the return of residential-mortgage-backed securities — one of the financial products that led to millions of foreclosures during the Great Recession.
Trump Is Reverse Engineering The Great Recession
Amid aggressive bank lobbying and President Donald Trump’s deregulatory efforts, one of the core financial products that led to millions of foreclosures during the Great Recession is being quietly readied for a comeback — even as economic and climate conditions make its return all the more destabilizing.In September, the U.S. Securities and Exchange Commission (SEC), Wall Street’s top regulator, solicited feedback on how it could help revive the…
Coverage Details
Total News Sources3
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
Factuality
To view factuality data please Upgrade to Premium
