Kyunghoon Kim How can public financial institutions help fill gaps that Wall Street can't or won't? Saule Omarova surveys how Norway, Germany, and Singapore are combatting excessive financialization of their economies through various forms of public banks. rooseveltinstitute.org/publications/f…

A new book from my wonderful colleague and friend, Dan Awrey. Congratulations!!

A year after Silicon Valley Bank’s collapse revived scrutiny of bad bank management, Washington isn’t much closer to ratcheting up restrictions on financial executive pay. The news on why, by me and Eleanor Mueller politico.com/newsletters/mo…

MT @PeterContiBrown brookings.edu/articles/the-b… #BaselIII

A very instructive story: the American public has an important role to play in shaping financial regulation. We've lost that understanding in recent decades. 👇

Another example of public subsidies meant for banks flowing outside that special 'franchise' arrangement and feeding the ever-growing shadow banking system. That's how it looks: mundane and efficient - until it's not. All as described in this old piece: papers.ssrn.com/sol3/papers.cf…

NEW📄 A #GreenSteel transition in the US is within reach. @Isabel_Estevez_ هبة @ykwon88 Iliana Paul argue that stronger gov't action is needed to combat corporate inaction & speed up a green steel transition that maximizes community benefits. rooseveltinstitute.org/publications/t…

@JonasAlgers Roosevelt Institute And join Saule Omarova @JonasAlgers @Isabel_Estevez_ and me THIS WEDNESDAY as we take stock of these new developments, where the US has come from on public investments and industrial decarbonization, and where we need to go next. x.com/rooseveltinst/…

Banking and Antirust: “U.S. bank regulation operates as a comprehensive antimonopoly regime, designed to prevent excessive concentration of private power over the supply and allocation of money and credit in a democratic economy.” By @stomarova yalelawjournal.org/essay/banking-…

"Financing industrial policy is not just about the amount of money to be spent. Just as important is the institutional structure through which the money flows," Saule Omarova during today's webinar. Her full #IP2025 paper on national development banking ➡️ rooseveltinstitute.org/publications/f…

Thanks for the shout-out, Kate! The original piece, 'Banking and Antitrust', is here: papers.ssrn.com/sol3/papers.cf… and here: yalelawjournal.org/essay/banking-… Here's a short blog post on the core argument: corpgov.law.harvard.edu/2024/03/11/ban…

Did Saule Omarova take over Morgan Stanley ? ;-)

Many other advanced democracies have sovereign wealth funds or similar institutions, as Saule Omarova writes here. Norway has the world's biggest, and the US used one to maximize government effectiveness during the New Deal and World War II mobilization. x.com/toddntucker/st…

Recent US discussions of selective public equity stakes go back at least 7 years. Glad to see they made a mark. SWF label is sort of odd, but also beside the point. Would be a great toolkit addition for industrial policy (and derisking). ft.com/content/38bc9c…

We could have the same arm do both: be a public asset manager and a "public equity" firm. There are examples (TX PSF). Industrial policy + public finance advocates also sought to separate the two - even if housed in one entity. See the famous concept design from Saule Omarova

Funniest comment on the jake Sullivan trial balloon of a U.S. sovereign wealth fund. Blackrock and hates competition in making strategic investment decisions. Somewhere Saule Omarova is smiling… why not float the fully thought out NIA berggruen.org/news/the-natio…

Are Gulf Sovereign Wealth funds basically implementing Saule Omarova report “Building a National Investment Authority”? NIA goal was to replace Blackrocks current role of steering investment & buying equity in firms for natl development. berggruen.org/news/the-natio…

Both Biden & Trump Now Exploring Ideas For A #SovereignWealthFund. Listen To Saule Omarova @BusScholarship For Ideas On This tinyurl.com/5n9xe7ts Robert Hockett @andrewkjennings.com on Bluesky Rohan Grey Pitchfork Economics Steven Kelly LPE Blog Skanda Amarnath The LPE Project Kyla Scanlon Ioana Marinescu

Congratulations!

A sovereign wealth fund is an important model of public-private financial institutions that could help fill gaps that Wall Street can't. SWF's can be “potent vehicles for implementing democratically established economic priorities,” writes Saule Omarova. rooseveltinstitute.org/publications/f…