For media inquiries, please contact media@ourfinancialsecurity.org
-
Press Release: A New Way to Transfer Wealth from Working People to Billionaires Hits the Market with SpaceX IPO
SpaceX went public today at $135 a share and $1.77 trillion valuation — an almost 100 price to sales ratio — with a governance structure that consolidates power with Elon Musk and attempts to dramatically restrict shareholder lawsuits.
-
Statement: AFR Endorses the Al Bubble Transparency Act
“The breakneck growth of the AI industry is largely being financed in the shadows, where private Wall Street funds can make risky bets with working families’ savings and keep the details of those bets hidden from the public and from regulators,” said Maya Jenkins, Senior Policy Analyst at Americans for Financial Reform.
-
Statement: AFR Statement on Sam Bankman Fried’s Formal Pardon Request
Today’s pardon request by Sam Bankman-Fried is one more striking indication of the level of impunity that crypto industry figures expect from the President.