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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Press Release: Trump Administration Weaponizes Financial Regulators with Order to De-Bank Millions of People Based on Immigration Status
Yesterday, the Trump administration issued an executive order directing federal financial regulators to take a series of actions that, if implemented, will destabilize the banking system and make it harder for millions of people to access basic bank accounts, credit cards, and mortgages based primarily on their immigration and citizenship status.
AFR in the News
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Financial Times: Protesters gather outside JPMorgan headquarters over SpaceX debut
“We’re very concerned that in just a few trading days [SpaceX stock] is poised to end up in people’s 401ks,” said Natalia Renta, associate director for corporate governance and power at non-profit Americans for Financial Reform.
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Bloomberg: As SpaceX Makes Musk Trillionaire, Some Dissent on NYC’s Streets
“The scene is set for wealthy early investors to cash out while leaving retirement savers holding the bag,” said Natalia Renta, associate director of corporate governance and power at Americans for Financial Reform, a group that helped organize the demonstration.
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Business Insider: I went to a SpaceX IPO protest. The target wasn’t just trillionaires — it was Wall Street.
Natalia Renta, associate director of corporate governance and power at the Americans for Financial Reform Education Fund, told me that not only does SpaceX’s lack of profit concern her, but it’s the amount of total control Musk has over the company and the lack of accountability to shareholders.
