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.
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Commentary & Updates
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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 or backs an estimated 20 percent to 30 percent of existing data centers.
AFR In the News
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Brooklyn News Service: Private Equity Owns Half of Homecare Agencies in NYS, Cornell Ilr Researchers Say
Aditi Sen, the managing director of campaigns at Americans for Financial Reform Education Fund (AFREF), brought up ties to structural racism dating back centuries. “Conditions in this sector have been abhorrent, both for caregivers and patients.”
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The New Republic: Everyone Hates Private Equity. Trump Is Bailing It Out.
. A July poll commissioned by Americans for Financial Reform found that a 65 percent majority agreed with the statement, “We need guard rails for Wall Street firms like private equity because otherwise they maximize short term profits for themselves, cut jobs, and reduce the quality of products and services.”
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Mcknight Senior Living: Lawmakers re-introduce bill to regulate private equity in skilled nursing, other industries
“Private equity has gotten away with a heads-I-win, tails-you-lose business model for far too long. They take control of businesses, bury them in debt, strip out assets, fees, and dividends, and walk away richer, while workers lose their jobs, consumers pay more and communities lose essential businesses and services,” Americans for Financial Reform Senior Policy…
Fact SheetWall Street Is Coming for Your Childcare
AFREF Comment on the Senate Committee on Finance’s Request for Information on Health Care Affordability
