Private equity and other private funds control growing portions of the economy, including in areas crucial to all of our lives, like housing and care–typically increasing prices and decreasing quality. These billionaire factories repeatedly take advantage of loopholes and exemptions to funnel money to their executives at the expense of workers, patients, consumers, real economy businesses, and a sustainable planet. We can change the rules to stop their extremes of extraction.
Advocacy
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AFR In the News
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Statement: SEC Republicans Delay Rule to Monitor Shadow Banking for Another Year
Today, the SEC postponed for a third time the deadline for large private funds, like hedge funds and private equity firms, to begin reporting information on how their funds contribute to systemic financial risk.
AFR In the News
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Truthout: What Trump’s Executive Order on 401(K)s Means for Workers Who Hope to Retire
According to Americans for Financial Reform, private equity firms have been called a “billionaire factory” for private equity managers, whose performance fees increased the number of multibillionaires in the U.S. sevenfold between 2006 and 2015.
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WSJ: Private Equity Ramps Up PR, Branding Efforts for 401(k) Push
“I think that private equity is seen right now as one of the worst actors on Wall Street,” Valdes-Viera said. “At this point, it’s going to take a lot to rebrand them and portray them as a good steward of retirement savings.”
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NBC News: Mother with cerebral palsy struggles to hire aides after private equity takeover
“The private equity industry is looking for any streams of steady public funding,” Sen said in an interview. “As advocates have secured more funding for home and community-based services, that has resulted in the private equity encroachment.”
Blog: Don’t Let Wall Street Gamble with Your Golden Years
WSJ: Private Equity Ramps Up PR, Branding Efforts for 401(k) Push
