Kate Judge
@ProfKateJudge
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Professor @ColumbiaLaw. Author, DIRECT @HarperBusiness. Research explores the Fed, banking and other forms of intermediation. Mom of two.
New York, NY
Joined August 2019
If you want to want to understand bank supervision -- what it is, why it's so controversial, how it has been used to promote bank health and other aims, and how it may be abused by Trump 2.0, read great new book by @Petercontibrown and @SeanVanatta, and my review of their book.
“Supervision is both vital to promoting stability and is an inherently fraught endeavor. It is a site where the government exercises power in line with both technocratic and political ends,” writes @ProfKateJudge.
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If only this had been posted a few days earlier. I would love to hear the Solicitor General try to reconcile this with the notion that the tariffs are not a tax. Chief Justice Roberts, take note!
Trump, who’s been trying to post his way out of the woods on a few issues, floats $2,000 tariff bonuses. (Inflation is still not great & above the Fed’s target. The federal budget is running a massive deficit, so the debt is currently rising and nowhere near being paid down.)
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This is disgraceful. With US absence, Trump is handing China a HUGE victory on the global stage & needlessly alienating all G20 members. Allegations re SA are spurious per S. African political spectrum & fact checkers.
US officials to boycott G20 summit in South Africa, Trump says
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"we think that there’s going to be consolidation that takes that number of 4,500 [banks] to something closer to 1,000 or 1,500 literally over the next two to three years,” There goes community banking. https://t.co/c1ClcFGgj3
bloomberg.com
Bob Diamond sees the number of US lenders dwindling by 3,000 in the next two to three years as regulators embrace consolidation of the industry — a trend that he hopes to help accelerate.
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"UBS Group AG’s chairman warned against looming risks in the US insurance industry, citing weak and complex regulations amid an unprecedented boom in private financing." The lack of any federal insurance regulator is a problem. https://t.co/xGQgJ29h2J
bloomberg.com
UBS Group AG’s chairman warned against looming risks in the US insurance industry, citing weak and complex regulations amid an unprecedented boom in private financing.
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A non-obvious second effect of the enormous AI capex spend may be that it's masking the deterioration of the US economy under the surface. While the aggregate economic stats may look just fine, economy is becoming ever more K-shaped with the lower half of th economy struggling
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Wide array of policy proposals here. I note that two of the panelists are worried about leverage, making it the modal leader.
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My ever insightful spouse has written another must read. He's also en route back to the US for a multi-city book tour. Check out the review, buy the book and then go see him live! @superwuster
nytimes.com
Tim Wu’s “The Age of Extraction” is a dispiriting guide to the way Silicon Valley has warped our markets and our democracy.
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I appreciated the opportunity to weigh in on blindspots in financial regulation. Great array of insights from @ewarren @tom_hoenig @rohangrey and many more. Link below.
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Many Americans are going hungry. And many more worry about having enough food for their families. If this troubles you, let your voice be heard. Tell your your representatives in congress that you care. Tell your president that you care. Your voice can make a difference.
Hunger is a political issue. In 2023, 13.4% of U.S. households experienced food insecurity. Today, on #NationalFoodDay, join the movement to make hunger a problem of the past. Visit our website to learn more: https://t.co/7gfoxnQ3ji
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Hunger is a political issue. In 2023, 13.4% of U.S. households experienced food insecurity. Today, on #NationalFoodDay, join the movement to make hunger a problem of the past. Visit our website to learn more: https://t.co/7gfoxnQ3ji
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Whenever there is a bailout, focus on the creditors. They are the real beneficiaries. Nice article on how BlackRock, Fidelity and Pimco investment funds will benefit from the Argentina bailout. https://t.co/OolJNmpzqL
nytimes.com
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
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Deeply honored to serve Secretary Vilsack, the Biden-Harris Admin, and the American people. New USDA Appointee for Fair Markets Signals Focus on Antitrust
bloomberg.com
Newly confirmed Agriculture Secretary Tom Vilsack turned to a leading liberal think tank for his senior adviser on fair and competitive markets, signaling high-level commitment to antitrust issues...
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