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Statement: Oscar Valdés Viera, AFR Senior Policy Analyst, Private Equity & Capital Markets on DOL Rush to Let Private Equity and Crypto Erase Workers’s 401(k) Savings
The Department of Labor (DOL) proposed a dangerous rule that would steer workers’ retirement savings into risky, opaque, high-fee private equity and crypto investments that would undermine their retirement security. The private equity industry is eager to dump overvalued assets onto retirement savers as well-heeled investors snub these dubious assets and head for the exits. Opening 401(k)s to these products risks turning workers’ retirement savings into a Ponzi-like scheme that throws a lifeline to an industry scrambling for fresh cash.
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Statement: Oscar Valdés Viera, Senior Policy Analyst of Private Equity & Capital Markets at Americans for Financial Reform statement on administration’s proposal to weaken oversight of shadow banks
The Trump administration announced that it will weaken one of the most important post 2008 financial crisis tools designed to stop shadow banks from capsizing the financial system.
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Statement: Oscar Valdés Viera, Senior Policy Analyst of Private Equity & Capital Markets at Americans for Financial Reform on new bank capital proposals
The new bank capital proposals by the federal bank regulatory agencies is a dangerous step in the wrong direction.