Private equity and other private funds control growing portions of the economy, including in areas crucial to all of our lives, like housing and care–typically increasing prices and decreasing quality. These billionaire factories repeatedly take advantage of loopholes and exemptions to funnel money to their executives at the expense of workers, patients, consumers, real economy businesses, and a sustainable planet. We can change the rules to stop their extremes of extraction.
Advocacy
Resources
Commentary & Updates
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Wall Street Wants Your 401(k) to Bail Out Private Markets
The new Trump proposal to deregulate the types of investments workers can make with their retirement accounts is a bad policy idea that looks almost engineered to bail out Wall Street at the expense of everyone else.
AFR In the News
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NH Journal: New Fed Rule Could Open 401(k)s to Private Equity, Crypto Investments
Americans for Financial Reform, an advocacy group that opposes the proposed rule, says the DOL is rushing to implement a flawed proposal that will benefit the alternative assets sector rather than 401(k) owners.
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Bloomberg: Private Credit, Crypto Get Easier Path to 401(k)s in US Plan
“Opening 401(k)s to these products risks turning workers’ retirement savings into a Ponzi-like scheme that throws a lifeline to an industry scrambling for fresh cash,” Oscar Valdés Viera, a senior policy analyst at consumer advocacy group Americans for Financial Reform, said in a statement.
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Common Dreams: New Trump Rule Would Let Private Equity, Crypto ‘Endanger Retirement Savings of Millions’
Oscar Valdés Viera, senior policy analyst at Americans for Financial Reform, similarly warned that “opening 401(k)s to these products risks turning workers’ retirement savings into a Ponzi-like scheme that throws a lifeline to an industry scrambling for fresh cash.”
