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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Statement: AFR Condemns Unlawful Attempted Firing of Federal Reserve Governor Lisa Cook
President Trump’s unlawful attempt to purge the Federal Reserve Board of anyone who disagrees with him is an abuse of power that threatens the foundation of our democracy, as have so many of his actions already.
AFR in the News
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Truthout: What Trump’s Executive Order on 401(K)s Means for Workers Who Hope to Retire
According to Americans for Financial Reform, private equity firms have been called a “billionaire factory” for private equity managers, whose performance fees increased the number of multibillionaires in the U.S. sevenfold between 2006 and 2015.
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Bloomberg Law: FTC Sees Dismantling of Consumer Watchdog as Growth Opportunity
“The FTC does not have additional authority to address those issues that it didn’t have prior to the financial crisis,” [said Patrick Woodall, the managing director for policy at Americans for Financial Reform.]
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NYT: Elon Musk Could Become First Trillionaire Under New Tesla Pay Plan
“His own median worker is making $57,000 while he is awarded a pay package that could add up to $1 trillion by being a part-time C.E.O.,” Ms. Renta said. “It’s just very outrageous.”
CEOs Get Richer, and We Pay the Price
