“Despite its public statements to the contrary, Carlyle is a driving force behind climate change through its substantial financing of greenhouse gas emitting sectors,” said Oscar Valdés Viera, co-author and research manager at the Americans for Financial Reform education fund.
“Increasingly, in the past — especially after the pandemic — we’ve seen this big surge in parents who are interested in providing other activities for their kids that they weren’t able to previously do. And so, as a result of that, we’ve seen much more money from the private equity industry go into childcare,” said Andrew Park, senior policy analyst at Americans for Financial Reform.
“It’s a wake-up call,” Renita Marcellin, advocacy and legislative director for Americans for Financial Reform, a financial-reform group in Washington, D.C. told USA TODAY. “Congress should be thinking and starting to figure out how to repeal this law.”
“At the end of the day, what has been shown is that the explicit guarantee extended to the globally systemic banks is now extended to everyone,” said Renita Marcellin, legislative and advocacy director at Americans for Financial Reform. “We have this implicit guarantee for everyone, but not the rules and regulations that should be paired with these guarantees.”
In fact, says Carter Dougherty, the communications director of Americans for Financial Reform, the EU pushback against capital requirements is its own kind of subsidy.
“The best that can be said here is that the Supreme Court appears to appreciate the gravity of this case and the danger for the CFPB, the Federal Reserve, consumers and overall financial stability,” said Elyse Hicks, a lawyer at the progressive Americans for Financial Reform. “But the justices now need to reverse what the lower courts have wrought, which is already causing trouble.”