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SVB’s Lobby Groups Fought Proposal To Bolster Deposit Insurance
By Julia Rock & David Sirota
Months before Silicon Valley Bank collapsed, its D.C. advocacy groups said the FDIC initiative “would unduly burden banks.”
SVB Chief Pressed Lawmakers To Weaken Bank Risk Regs
By Rebecca Burns, David Sirota, Julia Rock & Andrew Perez
Collapsed bank’s president told Congress “enhanced prudential standards” should be lifted “given the low risk profile of our activities.”
The Lever is a reader-supported investigative news outlet that holds accountable the people and corporations manipulating the levers of power. The Lever was founded by award-winning investigative journalist David Sirota, Oscar-nominated co-writer of Don’t Look Up and presidential campaign speechwriter for Bernie Sanders, and staffed by a team of investigative journalists.
Our reporting follows the money, uncovers corruption, and then educates our readers so they can hold the powerful accountable.
Workers Are Funding Private Equity’s Child Labor Exploitation
By Andrew Perez
Public employees’ retirement savings have funded the private equity takeovers of companies that used child labor in dangerous factories.
Rail-Lobbyist-Turned-Senator Could Block Safety Bill
By Julia Rock, Jordan Uhl & Matthew Cunningham-Cook
John Thune embodies the rail industry’s Washington influence machine that could now kill bipartisan safety legislation.
Health Insurers Get Government Cash, Then Jack Up Prices
By David Sirota
Despite the Affordable Care Act’s promises, publicly subsidized insurers are jacking up prices while Americans lose coverage.
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