How politicians, regulators, and the media fell for an obvious financial fraud
Illustration by Larissa Hoff
German scandals are not like other
scandals. The bouquet of a classic German scandal contains unmistakable notes:
a rabbit-hole impenetrability, the implication of an entire guilt-ridden
society, and, most importantly, a sense that the controversy says something essential about Germany as a whole. German scandals are
collectivized. They are about a belief in German difference, for good or ill.
The rise and fall of the financial
services giant Wirecard is such a scandal. Wirecard, whose products facilitated
e-commerce payment transactions, was the rare German startup that seemed primed
Chicago School Economists Got it Wrong Strong Antitrust Policy Boosts the Economy
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Timothy Wu, Lina Khan: Biden s evolving Big Tech antitrust team
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President Joe Biden is making moves to elevate another progressive with antitrust views on big tech with the likely nomination of Lina Khan to join the Federal Trade Commission.
A source with knowledge of the situation said Tuesday that Khan, a professor at Columbia Law School, was being vetted for a nomination to join the Commission.
It is the latest sign that the Biden administration is positioning for a potential crackdown on tech behemoths including Facebook and Amazon.
Antitrust advocate Linda Khan, a professor at Columbia Law School, is on track for a nomination to join the Federal Communications Commission, it was revealed Tuesday