"five news media requesters pertaining to Board members' communications and meetings with members of the executive branch as well as various memoranda concerning a Federal Reserve System publication." Look @danielhawley.bsky.social, we made it into the FRB FOIA report!

Andrew Ferguson is a soulless political climber and a shame on the FTC and the entire profession

the hardest part about writing this piece was resisting the urge to dedicate it to Jamie Dimon

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highly, highly recommend!!

✍️📚 Hot off the presses: Coordination Rights After Bank Failure 🎉🚨 TLDR; instead of reflexively merging failed banks into bigger banks, the FDIC could turn them into quasi-worker cooperatives Out now in @columlrev.bsky.social columbialawreview.org/content/coor... 🧵 (1/n)

BREAKING — All FDIC employees just received an email confirming DOGE presence at the agency. "The DOGE team has neither requested nor been granted access to sensitive bank information." We'll see how long that remains true. Text of email shared with me:

Holy shit. www.whitehouse.gov/presidential... He's actually doing it. Consolidating all payments under the Tsy. Not to toot my own horn too much, but this is exactly what my paper is trying to address and oppose. We need a strong digital fisc vision to counter this.

NEW EMAIL FROM COLUMBIA ADMIN: DHS agents were in two university residences tonight — with two warrants "I am writing heartbroken to inform you that we had federal agents from the Department of Homeland Security (DHS) in two University residences tonight." No arrests made.

eric holder didn’t take a final exam at columbia until his junior year because he was busy occupying campus buildings and such. the dean whose office he occupied wrote him a letter of rec for law school

NEW PIECE- with a version in @rollingstone.com . Can the Trump Administration arbitrarily Take money from Anyone's bank account? The Federal Government debiting 80.5 million dollars from New York City government's central bank account suggests yes. www.crisesnotes.com/can-the-trum...

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For once someone claiming to write the first paper to X has likely actually written the first paper to X!

🚨New Paper🚨 (hi law reviews!) ‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.

by far the worst offender is requiring URLs AND permalinks. URLs are at best redundant, at worst useless, and they take up a ton of space and look like shit

MotL 77 is live! 🗣️ ✨ Gaming Money w/ @raulcarrillo.bsky.social ✨ moneyontheleft.org/2025/03/02/g... We explore how companies like Roblox are not only harming gamers but issuing “shadow money,” evading banking regulations meant to prevent structural problems. Transcript forthcoming!

Many of you have already seen it, but I wanted to wait until my version was complete. My version has my newly set up youtube channel, some minor fixes to the transcript &a bevy of links throughout the transcript. Also a PDF version. Thanks @pkrugman.bsky.social www.crisesnotes.com/musk-in-your...

I'm going to put a marker down here: @rohangrey.bsky.social is restructuring a paper of his for the current Law Review cycle that was basically predicting the Treasury Payments Crisis (he had an earlier version at least by 2021). It is a paper you want to publish. Here's me summarizing in 2023

🗣️ get rid of the penny because of resource and emissions costs from mining and transporting zinc and copper not because of negative seigniorage

insane details on impoundment👇

CNN with an absolutely gigantic story: "Elon Musk’s top lieutenants at the Treasury Department asked its acting secretary, a career civil servant, to immediately shut off all USAID payments using the department’s own ultra-sensitive payment processing system." edition.cnn.com/2025/02/06/p...

"BREAKING: we just blocked Musk & Trump out of the Treasury systems!" This is not accurate. Krause and Elez still having access means that Musk and Trump still have access, in some sense at least. We have no guarantees data is not actually being taken out. www.crisesnotes.com/day-seven-of...

EMERGENCY PIECE: Previous reports that Musk's DOGE programmers only have "read only" access is inaccurate. I can confirm what @wired.com first reported at 1 AM today that they have Read & WRITE access with a source in BFS referring to this as "apocalyptic" www.crisesnotes.com/day-five-of-...

I talked to @nathantankus.bsky.social about what it means for forces allied with Elon Musk to take over the Treasury Department's payment system, it's really good and you should read it but in some ways the headline quote says it all. prospect.org/economy/2025...

Horrific times, but I’m off the job market and back on social media. I’m thrilled to join Boston College Law School on the tenure track! I’m looking forward to working alongside fantastic colleagues (including many LPE folks ;)). I’ll be teaching Banking Law, Law & Tech, and Contracts!

EMERGENCY PIECE: Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous. Worse, exclusive new information revealed here explicate how Musk’s actions relate to Treasury Secretary Scott Bessent (Link at the end)

someone please send nathan’s piece to jared bernstein

Today @danielhawley.bsky.social got passed the 100 mark- he's submitted 113 FOIA requests based on the 1967-1973 Federal Reserve Board Minutes. Hoping to hit 200 by the end of the semester. Very, very happy about it.

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