Yet despite these warning signs, the U.S. is threatening to make the same mistakes that it in the wake of the Great Recession—when “a premature pullback in government support . . . led to a grinding recovery that left legions of would-be employees out of work for years” – NYTimes

With that in mind, here’s the latest on long-stalled stimulus discussions in Congress and with the Treasury Secretary – Bloomberg and Marketplace

Despite an “unusually aggressive governance structure,” data-mining software company Palantir is “expected to fetch a lofty valuation in its transition to a public company”—a process it kicks off via direct listing on September 30. At roughly $10/share, Palantir could achieve a value $22 billion – WSJ and Bloomberg

Quite the piece from the New Yorker on what recently published FinCEN files tell us about Deutsche Bank’s role in the massive money-laundering schemes that major banks have facilitated for years, a story we first noted here on Monday – NewYorker

BMW has paid $18 million to settle an SEC inquiry over allegations that two of its U.S. units “provided inaccurate information regarding its U.S. retail sales while raising roughly $18 billion from bond investors” between 2015 and 2019 – WSJ and MarketWatch and Law360

Short-lived TikTok boss Kevin Mayer, who resigned last month after just 3 months on the job, is in advanced talks to join “RedBird Capital, a private investment firm with holdings in sports, entertainment, and financial services” – NYTimes

The SEC revealed yesterday that it has its eye on the booming special-purpose acquisition companies, the “shell-like entities that go public in order to raise cash for acquisitions”—specifically, how “sponsors of blank-check companies disclose their ownership and how any compensation is tied to an acquisition” – WSJ

Sure, go ahead and let Jeffy and friends have unfettered airborne access to your home. No chance of that ending badly at all, is there? Nahhhh – NYTimes and Bloomberg

Stay safe, and have a good weekend.