Portside

A new case could decimate state-level consumer protections against predatory banking practices.

Chicago mayoral candidate Paul Vallas helped create a financial disaster as head of Chicago Public Schools, making bond deals worth $666 million — whose exorbitant interest payments to Wall Street are now robbing the city’s school system.

Reader Comments: Bank Failures, Deregulation and Fed-Raising Interest Rates; Illegal Invasion of Iraq; Slash Pentagon Budget; Jim Crow South; New Day for UAW; Light Communication; Letters From Langston; US Policy and Taiwan; How Workers Win

Fact-checking Tucker lie by lie, and the shameless New York Times

The most important bank in Silicon Valley has failed, triggering economic uncertainty nationwide. To blame: tough-talking tech dudes, a reckless Congress, contradictory monetary policy, and even Barney Frank.

Reader Comments: Bank Failures, GOP DeRegulation; Pentagon Budget; MAGA in Office Bans Books, Not Guns; Workers and Their Unions; AI, False Promise of ChatGPT; Triangle Shirtwaist Anniversary; Ending the Vietnam War; Rosenberg Case 70 Years Later;

Bank lobbyists believe the Fed may now be encouraged to press ahead with tougher rules that it was just beginning to discuss before SVB’s meltdown.

Reader Comments: Tyre Nichols Murder; Ilhan Omar; Rent Control; Climate Disaster; David Crosby; Making Sense of the Ukraine War and confusion on the Left; Medical Debt; Reconstruction; Antisemitism; More Announcements; Cartoons;

While industrial capitalism got rid of the landlord class, capitalism still had economic rent, but instead of being paid to the landlord class, it is now paid to the banks in the form of interest.