The Sierra Club, Americans for Financial Reform Education Fund, and Public Citizen released an analysis of the Financial Stability Oversight Council (FSOC) report on climate-related financial risk. The analysis outlines the report’s disappointing lack of urgency and details the missed opportunities to chart a comprehensive course to mitigate climate risk in the financial sector. The analysis
A section-by-section of Sen. Warren’s plan to address the predatory elements of the private equity business model that harm workers, investors, and communities.
View or download a PDF version here. Private Equity Drives Retailers into Bankruptcy, Destroying Jobs and Livelihoods Private equity firms have devastated the retail industry, driving dozens of major chains into bankruptcy, shutting down thousands of stores, and costing over half a million of jobs nationwide over the past two decades. Private equity firms exploit
View or download a PDF version here. Private equity firms have bought up thousands of nursing homes across the country, lowering the quality of care and harming residents. These Wall Street investment firms slash expenditures that could provide care and extract value from nursing home chains through fees, dividends, and real estate transfers that imperil
View or download a PDF version here. The carried interest tax loophole is an income tax avoidance scheme that allows private equity and hedge fund executives — some of the richest people in the world — to substantially lower the amount they pay in taxes. The carried interest loophole allows private equity barons to claim
AFREF joined a sign on letter highlighting critical shareholder rights at stake in the Goldman Sachs Supreme Court Case.