FOR IMMEDIATE RELEASE: Nov. 3, 2026
CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org
AFR Applauds Resolution Opposing AI Bubble Bailout
Workers should not face financial hardship because Wall Street and Big Tech companies took on risky debt and overinvested in AI
Washington, D.C. — AFR applauds the introduction of a resolution led by Congressional Progressive Caucus Chair Greg Casar (D-TX) and House Financial Services Committee Ranking Member Maxine Waters (D-CA) that rejects bailouts of the companies responsible and affirms their commitment to prioritizing the needs of everyday people not Wall Street during times of economic stress.
This resolution comes on the heels of recent coverage highlighting the warning signs of the AI bubble and a report released by Americans for Financial Reform Education Fund and Open Markets Institute “Brace for Impact: Protecting People and the Economy when the AI Bubble Bursts” that details the dangers of the AI bubble and policy solutions that could help lessen the impact of a collapse.
“Tech billionaires and their Wall Street backers are using dangerous tactics reminiscent of the 2008 financial crisis to make trillion dollar bets on A.I.—and they are putting working people’s money at risk,” said Maya Jenkins, a senior policy analyst at Americans for Financial Reform. “This resolution charts a critically important path for defending people’s economic security from the bubble’s blast radius, opposing billionaire bailouts, and holding corporate executives to account. This is the kind of approach needed to confront mounting financial risks and emerge from the aftermath of the A.I. bubble with an economy that is fairer and more stable.”
Starting now, policymakers at every level of government can and should take steps to limit potential harms before and in the wake of a crash, including demanding financial transparency across the entire Al ecosystem, closing statutory and regulatory loopholes that enable deceptive financial engineering practices, and strengthening regulation and supervision of AI financiers.
And in the event of a crisis, the principles laid out in this resolution: holding senior tech and finance executives accountable for illegal and fraudulent behavior and directing federal support to everyday people, not the billionaires who drove the bubble are fundamental. Workers, retirees, and low-income communities must not bear the brunt of the losses when this bubble bursts.
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