But too much of what should be plumbing to serve the “real economy” of households and businesses has turned into an unstable, money-extracting casino dominated by powerful giants.
Advocacy
Resources
Updates
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Circular Financing Arrangements, Mounting Risky Debt, and Increased Stock Market Exposure: The AI Bubble is Primed to Pop
“Silicon Valley and Wall Street are profiting from inflating a bubble held aloft by circular financing, hidden debt, and opacity, and the Trump administration is worsening the danger by rolling back guardrails that protect investors and financial stability,” said Maya Jenkins, senior policy analyst at Americans for Financial Reform Education Fund. “If nothing changes, working…
AFR in the News
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Common Dreams: Reps. Casar, Waters Lead Democratic Resolution Opposing A.I. Bubble Bailout for Big Tech, Commit to Protecting American People Instead
“Tech billionaires and their Wall Street backers are using dangerous tactics reminiscent of the 2008 financial crisis to make trillion dollar bets on AI—and they are putting working people’s money at risk,” said Maya Jenkins, a senior policy analyst at Americans for Financial Reform. “This resolution charts a critically important path for defending people’s economic…
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New York Times: U.S. Pensions Are Riding the A.I. Wave. For Better or Worse.
In an October report, they warned that an A.I.-fueled downturn “would hit pension funds hard, particularly since A.I.-linked assets dominate stock and corporate bond markets as well.” Maya Jenkins, a senior policy analyst at Americans for Financial Reform Education Fund and one of the authors of the report, added that there was “an open question…
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Chief Investment Officer: Why the SEC Should Reverse Course on Shareholder Arbitration Clauses
It’s been one year since the Securities and Exchange Commission radically changed its policy to allow forced shareholder arbitration clauses in initial public offering filings, but more than 99% of companies coming to market have rejected them.
Letters to the Regulators:AFREF Opposes Coinbase’s and Kalshi’s Dangerous Request to Offer So-Called Perpetual Futures
Press Release: Voters Across Parties Want Wall Street and Big Tech Held Accountable to Lower Costs
