private equity Archives - Page 2 of 2 - Americans for Financial Reform

Fact Sheet: Private Equity Industry Poised to Profit from the Federal Reserve’s New Lending Programs

Private equity funds could access government assistance for their portfolio companies while avoiding any responsibility to repay any debt or obligations to the public purse. Private equity firms could also tap government aid to finance leveraged buyout purchases of additional companies, using public money to load target companies with debt and drain their assets while avoiding any responsibility for paying that debt back.

In The News: How Private Equity Firms Will Profit From COVID-19 (The American Prospect)

Unless Congress and regulators act, private equity will shed its nonperforming assets and feast on new ones. J. Crew is the latest example.

NEWS RELEASE: Private Equity Looting Drove J. Crew Bankruptcy

Private equity firms loaded J. Crew with debt and hid assets away from investors and creditors.

FACT SHEET: J. Crew Succumbs to Bankruptcy after Private Equity Debt, Financial Looting

Preppy retailer cannot survive retail and coronavirus economic downturn saddled by private equity-imposed financial burdens.

Blog Post: Wall Street’s Secret Pet Profiteering

More and more as we go about our lives, the money we spend is siphoned off to enrich Wall Street firms. Private equity’s pet profiteering is just one way these investors have taken over so much of the economy and our daily lives.

Policy Recommendations: Critical Post-CARES Act Financial Policy Steps to Respond to the Coronavirus

Americans for Financial Reform released a set of financial policy recommendations for Congress to fix the problems and loopholes in the CARES Act, to further protect and support individuals, families and communities in the face of this crisis, and to lay the groundwork for an equitable and sustainable economic recovery.

Comment Letter: Comments on Federal Reserve Emergency Facilities

Together, these facilities could deploy up to $2.3 trillion in new credit to the economy during the pandemic crisis period. Without major changes these facilities will not be effective in getting assistance to those most impacted by the crisis, and disclosure and transparency regarding specific borrowers and loan terms is lacking. Our comment provides specific recommendations to address these issues.

Fact Sheet: Private Equity is the Driving Force Behind Surprise Medical Billing

Private equity firms have driven much of the rise in surprise billing that threatens the financial stability of vulnerable patients as well as families’ health and peace of mind.