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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

Dan Primack, author of Pro Rata
3 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

4 hours ago - World

Scoop: Blinken protests Israel settlements approval in "tense" phone call

Benny Gantz (L) and Tony Blinken. Photo: Jacquelyn Martin/Pool/AFP via Getty

Secretary of State Tony Blinken protested the decision to approve 3,000 new housing units in Israeli settlements in the occupied West Bank during a tense phone call on Tuesday with Israeli Defense Minister Benny Gantz, three Israeli officials tell me.

Why it matters: This is the first time new construction in the settlements has been approved since President Biden assumed office, and the Biden administration had been privately pressing the Israeli government not to proceed.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.