@jessevantol

Advocate & organizer for race & class fairness in banking, housing, business. Memphis to Madison to DC. Co-owner of the Green Bay Packers. Views my own.

 @jessevantol.bsky.social
Joined June 2009
  • Tweets15.8K
  • Following4.2K
  • Followers3.9K
194Media
Congrats to @SenateBanking and other staff who wrote this 50 page, 330 citation analysis on the consequences of lax anti-trust in raising prices. Not easy to write this while also handling Committee and other work. Worth the read. warren.senate.gov/wp-content…
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Interesting new timeline on Fannie and Freddie. Not sure I see this going well so long as Pulte is in the mix. subscriber.politicopro.com/a…

POLITICO Pro: Bessent eyes 2027 or 2028 for Fannie, Freddie overhaul

Efforts to unwind government conservatorship of the two mortgage giants have stalled for years.

subscriber.politicopro.com
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United Airlines CEO calls for national wealth tax, inheritance taxes approaching 100% foxbusiness.com/fox-news-tra…

United Airlines CEO calls for national wealth tax, inheritance taxes approaching 100%

United Airlines CEO Scott Kirby says the US needs a national wealth tax and inheritance taxes nearing 100% for certain estates to address wealth inequality.

foxbusiness.com
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My X account was temporarily hacked. If you get any odd messages from me, don’t pay attention. Should be fixed now.
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Even the banks don’t like the new CRA rule (and they’re so careful in their critique of the Administration you have to multiply their stated concerns x10 to get an accurate read). Great story by @ryanjtracy capitolaccountdc.com/p/no-fe…

No Fed, No Deal: CRA Plan Gets Cool Reception From Banks

Also, Finra’s Cook signals best execution rule will stay flexible

capitolaccountdc.com
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👇I think this could be true of Alsobrooks too
Adam Carlson
@admcrlsnOct 14
If Gillibrand runs for another term in 2030 — and that is a big if from what I hear — she will almost certainly face a serious primary challenge. Theoretically, that seat could be a bit of a soft landing option for AOC if she runs for president in 2028 and it doesn’t pan out.
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This kind of dodge should be embarrassing for a United States Senator. There’s a simple answer, and we all know what it is.
Nate Weisberg@WeisbergNateOct 14
I asked Sen. Kirsten Gillibrand if it bothers her that her staff trades crypto while she works on legislation that benefits the industry. “This is not a nanny state,” she said. Profiled crypto’s favorite Democrat for @NYMag: nymag.com/intelligencer/arti…

Kirsten Gillibrand, Crypto’s Favorite Democrat

The senator says she set out to regulate a grift-y industry. Now, she’s in an ethical morass.

nymag.com
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The regulatory equivalent of building a bridge to nowhere
Andrew Ackerman@amackerOct 14
Leadership on a nonexistent problem.
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The proposed CRA rule would undermine the production of affordable housing - by a lot! seekingalpha.com/news/465202…

Trump-backed banking rule rewrite could undermine housing growth - report | Seeking Alpha

Trump administration’s proposed Community Reinvestment Act changes may cut rural housing investment and affordable housing financing.

seekingalpha.com
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CRA turns 49 today! Here’s why it matters (and why we need to save it from the Trump Administration) ncrc.org/the-cra-turns-49-th…
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Happy 49th anniversary to the Community Reinvestment Act... signed into law by President Carter OTD in 1977. (Comments are due on the latest proposed revisions from the FDIC/OCC) federalreserve.gov/consumers…

History of the CRA and Regulatory Actions

The Federal Reserve Board of Governors in Washington DC.

federalreserve.gov
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The racial wealth gap is getting worse
Andrew Ackerman@amackerOct 9
"The median Black family saw wealth plummet 25%." bloomberg.com/news/articles/…

US Pay Inequalities Improve, But Wealth Gap Widens in Fed Report

The Federal Reserve said income inequality fell over the last three years, but the change did little to narrow persistent wealth disparities.

bloomberg.com
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This case has no merit, but if he does he might need to fire himself and a few members of his Administration who reportedly have done the exact same thing.
The Wall Street Journal
@WSJOct 9
President Trump has formed a committee to evaluate the mortgage-fraud allegations made against Fed governor Lisa Cook on.wsj.com/4e0cvaC

Trump Announces White House Hearing to Investigate Fed’s Lisa Cook

The move signaled a renewed effort to fire the Biden-appointed Fed governor as part of the president’s desire to wield more control over the central bank.

wsj.com
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Warren leads a group of twenty Senators opposed to the OCC/FDIC proposed CRA rule banking.senate.gov/newsroom/…

Warren, 20 Senate Colleagues Urge OCC, FDIC to Rescind Rule That Would Gut the Community Reinvest...

The Official website of The United States Committee on Banking, Housing, and Urban Affairs

banking.senate.gov
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Unlike past bubbles like railroads and fiber optics, this current one is unlikely to leave behind much useful infrastructure
Jason Furman
@jasonfurmanOct 8
This is what crowd out looks like.
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Federal bank charters should come with community obligations, regardless of business model || trust charters need more careful scrutiny ncrc.org/ncrc-federal-bank-c…
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RELEASE: BPI Statement on Litigation Over National Trust Bank Charters bpi.com/bpi-statement-on-lit…

BPI Statement on Litigation Over National Trust Bank Charters - Bank Policy Institute

Washington, D.C. – BPI Executive Vice President & Co-Head of Regulatory Affairs, Paige Pidano Paridon, issued the following statement today in

bpi.com
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👏👏👏
Claire Williams@byclairewOct 2
First in AB: ICBA goes on the offensive on trust charters with a new lawsuit americanbanker.com/news/excl…

Exclusive: ICBA sues OCC over trust charters

The Independent Community Bankers of America argue in a new lawsuit that the Office of the Comptroller of the Currency is exceeding its statutory authority in granting trust charters to crypto...

americanbanker.com
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Here's what Democrats are responding to: a press release published by Pulte's FHFA today, which said the OIG's budget would be "right-sized."
Brendan Pedersen@BrendanPedersenOct 1
Significant statement released by Congressional Democratic leadership tonight blasting FHFA Director Bill Pulte for "shutting down" the agency's Office of Inspector General
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Is it wise to have all 900 people who support data centers in the same place at the same time?
Polymarket
@PolymarketSep 26
JUST IN: 900+ people are set to attend a “pro-data center party” in Washington, D.C. tonight, featuring AI-themed cocktails & a generative AI photo booth.
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