Steve Mnunchin ran OneWest Bank from 2009 through 2015 and presided over tens of thousands of foreclosures in California. According to documents uncovered by David Dayne at the Intercept, California's then-Attorney General, and now U.S. Senator, Kamala Harris, didn't bring civil action against the bank despite evidence of misconduct found by her deputies.

The Intercept doesn't say why Harris didn't bring a case against the bank; maybe she thought it would be too hard, or it wasn't a priority. "Or maybe it was something else."

This "something else" is what the Intercept is really getting at. It insinuates that Harris and her deputies were swayed by powerful interests. It points out that Supervising Deputy Attorney General Benjamin Diehl left Harris' office in November 2013 "to join Stroock Stroock & Lavan, a corporate law firm that represents Bank of America, JPMorgan Chase, and Citigroup in cases against consumers, regulatory agencies and state attorneys general."

What it means: The Intercept—which is a platform for far-left critics of the Democratic Party—continues to suggest that top Dems are corrupt puppets of moneyed interests. About Harris, it mentions she was a "prodigious" fundraiser who took money from George Soros (who invested in OneWest Bank). Democrats should not assume the election of Donald Trump will cause these kinds of pressures to ease.

Go deeper

S&P 500's historic rebound leaves investors divided on future

Data: Money.net; Chart: Axios Visuals

The S&P 500 nearly closed at an all-time high on Wednesday and remains poised to go from peak to trough to peak in less than half a year.

By the numbers: Since hitting its low on March 23, the S&P has risen about 50%, with more than 40 of its members doubling, according to Bloomberg. The $12 trillion dollars of share value that vanished in late March has almost completely returned.

Newsrooms abandoned as pandemic drags on

Illustration: Sarah Grillo/Axios

Facing enormous financial pressure and uncertainty around reopenings, media companies are giving up on their years-long building leases for more permanent work-from-home structures. Others are letting employees work remotely for the foreseeable future.

Why it matters: Real estate is often the most expensive asset that media companies own. And for companies that don't own their space, it's often the biggest expense.

2 hours ago - Technology

Dark clouds envelop feel-good Pinterest

Illustration: Eniola Odetunde/Axios

Pinterest set out to be a bright spot in cutthroat Silicon Valley, but now stands to see its reputation forever tarnished by allegations of mistreatment and a toxic culture by women who held senior roles at the company.

Why it matters: Even a company known for progressive policy decisions and successfully combatting hateful and otherwise problematic content isn't immune to the systemic problems that have plagued many tech companies.