Our rent affordability crisis has hit people of color particularly hard. Nationally, over half of Black and Latinx households rent their homes, compared to just 28 percent of white households. Forty percent of homeless Americans are Black, compared to 13 percent of the U.S. population.
“The fact that there were no commitments for the vehicles to be union-made is a glaring omission for an administration that prides itself on being union friendly,” said Porter McConnell, campaign director of the consumer rights group Take on Wall Street and co-founder of the Save the Post Office Coalition. “We will be looking to future announcements committing to the Oshkosh and the commercial off-the-shelf vehicles being union-made, which we know is entirely feasible.”
For private equity firms, said Andrew Park, a policy analyst at Americans for Financial Reform, “it’s heads I win, tails you lose.”
“Private equity firms have a long track record of being extractive — that is, extracting wealth from their portfolio companies,” said Carter Dougherty, spokesman for the Americans for Financial Reform, which advocates for regulation of private equity. “When you see Cerberus shaking $4 billion out of a company in a difficult industry like groceries, it’s not out of bounds to say this is yet another episode of industry abuses.”
“A CBDC format that has Big Tech running the back end is just another backdoor way for them to encroach on financial services,” says Mark Hays, a senior policy analyst with Americans for Financial Reform, a policy advocacy group that has been skeptical of CBDCs.
According to a recent analysis from the Private Equity Stakeholder Project and Americans for Financial Reform Education Fund (AFREF), the eight largest buyout firms have put nearly as much money into coal, oil and gas as the big bank.