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Press Release Private Equity is Fueling the Data Center Crisis
As data center backlash sparks across the country, private equity firms are playing a significant role in fueling this growing crisis. According to a new report, “Tracing the Money,” from Americans for Financial Reform Education Fund, private equity now owns…
The Latest from AFR
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Report TRACING THE MONEY: Private Equity, Private Credit, and the Data Center Bubble
Private equity has been a largely hidden backer in the controversial AI boom and data center land rush. This first, comprehensive assessment of private equity ownership, investment, and private credit lending in the data center landscape uncovers that a set of giant private equity firms—interconnected with Big Tech companies—are behind a major portion of these…
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AFR in the News
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Big Banks & Wall Street, Big Banks, Wall Street, Capital Markets and Financial Stability, Investor Protection
Common Dreams: Reps. Casar, Waters Lead Democratic Resolution Opposing A.I. Bubble Bailout for Big Tech, Commit to Protecting American People Instead
“Tech billionaires and their Wall Street backers are using dangerous tactics reminiscent of the 2008 financial crisis to make trillion dollar bets on AI—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…
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New York Times: U.S. Pensions Are Riding the A.I. Wave. For Better or Worse.
In an October report, they warned that an A.I.-fueled downturn “would hit pension funds hard, particularly since A.I.-linked assets dominate stock and corporate bond markets as well.” Maya Jenkins, a senior policy analyst at Americans for Financial Reform Education Fund and one of the authors of the report, added that there was “an open question…
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Forbes: The Banks Behind AI Are Protected. Your Retirement Is Not.
A new report from Americans for Financial Reform Education Fund and the Open Markets Institute, co-authored by Maya Jenkins and Matthew Scherer, counts nearly $4 trillion in debt tied to AI chips and data centers across just nine companies, more than the entire subprime mortgage market at its 2007 peak, with much of it held…
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2026 Polling Shows Broad, Bipartisan Desire to Hold Wall Street and Big Tech Accountable to Lower Costs
Voters across party lines want elected officials to stand up to Wall Street and Big Tech and crack down on abusive financial practices that contribute to the affordability crisis, according to polling from Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). Nearly half of voters report that they or someone in…
