Wall Street private equity firms have grown from $1 trillion in 2008 to nearly $4.5 trillion today, exerting enormous influence in critical sectors of the economy. Private equity landlords have led the way in corporate landlords displacing tenants by neglecting properties while raising fees and rents. Private equity ownership in healthcare has led to the […]
This webinar examines the widespread harm that all businesses and investors would suddenly face if the Securities and Exchange Commission’s broadly accepted requirements for truthful disclosures and rules protecting investors suddenly come into question if the courts serve the SEC with an adverse ruling on a number of ongoing legal cases. In particular, the webinar […]
Reparations: How to Fund Them & Avoid a Wall Street Takeover is a fireside chat with Jeremy Bearer-Friend (George Washington University Law) and Alvin Velazquez (SEIU) moderated by Ericka Taylor (Take On Wall Street and Americans for Financial Reform). Bearer-Friend authored a novel proposal for how to pay for reparations. His approach proposes capitalizing a multi-trillion dollar reparations fund with corporate equity in lieu of cash payments.
Join us as Taylor lays out the case for reparations and the current landscape, then learn more about Bearer-Friend’s proposal, followed by Velazquez sharing lessons learned from labor unions’ pension funds experience. Their conversation will then center around how to actually design the governance of the proposed reparations fund to maximize its benefits to its intended beneficiaries and prevent the fund from being co-opted by the financial industry to further its own interests.
The live webinar took place on Thursday, March 7th, 2024
View or download a PDF of the letters here: AFREF submitted comments supporting proposals from the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, which would strengthen and expand applicability of resolution plan rules and guidance and require more large banks (in the Fed’s large bank tailoring […]
View or download a PDF of the letter here. The Americans for Financial Reform Education Fund (AFREF), the Institute for Policy Studies, Jobs to Move America, Communications Workers of America, United for Respect, and Take on Wall Street wrote a comment letter to the Office of Management and Budget (OMB) to recommend it be made explicit – […]
In September, the Centers for Medicare and Medicaid Studies (CMS) issued a rule that would require a minimum staff to patient ratio in nursing homes. This is a historic action by the Biden Administration. However, the ratio must be stronger to protect residents and workers. The Service Employees International Union (SEIU), which represents nursing home […]
AFR hosted a webinar with healthcare policy expert Robert Seifert & SEIU leaders and members. Discover how advocates and policymakers are pushing back against private equity’s looting in nursing homes. This live webinar took place on Wednesday, November 1st, 2023
New report highlights how private equity behemoth, Kohlberg Kravis Roberts & Co. has put money into fossil fuel projects that run decidedly counter to its preferred public image of a good steward of the Earth. The post News Release: Report Outlines KKR’s Harm to Frontline Communities As it Continues to Center a Fossil Fuel Strategy […]
Private equity has had a disastrous impact on the retail industry, driving dozens of firms into bankruptcy, shutting down tens of thousands of stores, and costing hundreds of thousands of jobs nationwide.
Private equity firms have bought up thousands of nursing homes across the country, lowering the quality of care and harming residents.