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Spy Sheikhs, and Secret Deals, and Crypto Scandals Oh My!
Now, the drumbeat of Trump’s self-dealing is practically a corruption drumroll. In the latest exposé of the First Family using their clout to boost their personal wealth, the Wall Street Journal detailed how Sheikh Tahnoon bin Zayed Al Nahyan of…
Events
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AFREF Speaker Series: Are We on the Brink of a 2008-Style Financial Crisis?
We appear to be in the midst of a speculative stock market bubble centered on AI. Does that mean we are about to have a 2008-style financial crisis? Join us for a conversation with Damon Silvers about the moment we are in and the steps that regulators should take to guard against the risk of a catastrophic financial crisis. Mr. Silvers was the Deputy Chair of the Congressional Oversight Panel for the 2008 bank bailout and for many years directed financial markets policy at the AFL-CIO. He brings to bear his experiences with the 2008 crisis as well as the…
The Latest from AFR
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FIRE SALES TO WALL STREET: A Review of Government-Sponsored Residential Note Sales
Growing Wall Street control of single family homes is a contributor to our housing crisis, with mega single-family investors (those who own more than 1,000 homes nationwide) controlling an estimated 446,000 homes as of January 2025. Nationally, the presence of corporate landlords in a community has been associated with raised rents, junk fees, reduced maintenance,
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AFR in the News
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Daily Kos: A primer on the upcoming financial crisis
I just found this interview from December of Damon Silvers by Americans for Financial Reform. It is prescient, and long, but too packed to do justice to it in a post here. The dominoes are set, Trump is at the helm, what could go wrong?
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Jacobin: Trump’s SEC May Tee Up a Repeat of the 2008 Financial Crisis
“People should be very alarmed that we are trying to deregulate something that is a known problem in our financial system,” said Caroline Nagy, a housing expert with the consumer-protection-focused Americans for Financial Reform. “It seems like they’re making changes that will exacerbate wealth inequality and make it easier for Wall Street lenders to make…
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VitalLaw: CREDIT, DEBIT AND GIFT CARDS—Senate Democrats’ bill would allow states to cap consumer interest rates
Tom Feltner, associated director of consumer policy at Americans for Financial Reform, said states’ role in consumer financial protection “has only become more vital since the administration has attempted to shutter the Consumer Financial Protection Bureau, halt its efforts to bring down costs, and roll back its work to enforce critical financial protections.”
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Oligarchs Take Over Corporations
Elon Musk and other billionaire oligarchs have triggered a race to the bottom in state corporate law, with Delaware, Texas, and Nevada changing their laws to strengthen the power of corporate insiders while decreasing the power of regular shareholders to provide input and hold management accountable for corporate misconduct.
