#Hedgepapers No. 41-BILLIONAIRES ATTACK NEW YORK STATE ELECTIONS

27 Oct 2016

BILLIONAIRES BUYING ALBANY LAWMAKERS TO WIN NEW TAX BREAKS AND PROTECT OLD ONES More and more New Yorkers are outraged over corruption and influence-pedaling in Albany, disgusted with a state government that seems to prioritize special deals for the wealthy and well-connected over the needs of regular people. Dozens of Albany lawmakers and top officials have been arrested and prosecuted for criminal violations in recent years, but state government corruption has continued – including the “legal” corruption that’s caused by massive campaign contributions from individuals and corporations seeking special benefits from state government, or seeking to keep special benefits they’ve already got.... Read More

#Hedgepapers No. 40- High-Priced Hustle: How Hedge Funds Have Made Billions Cheating Ohio’s Public Pensions

24 Oct 2016

Wall Street’s Big Scam: Higher Fees, Lower Returns Introduction: Ohio’s Public Pensions and the Great Recession The Great Recession hit Ohio hard. From leading the nation in foreclosures at the onset of the economic crisis[1] to losing over 400,000 jobs between 2007 and 2009,[2]families and neighborhoods across the state felt the devastating impact of Wall Street’s greed and risk-taking.... Read More

#Hedgepapers No. 39-HEDGE FUND BILLIONAIRES ATTACK THE HUDSON VALLEY

20 Oct 2016

WALL STREET GOES ALL IN TO SAVE TAX BREAKS FOR THE WEALTHY Hedge funds and billionaire hedge fund managers are destroying our economy, corrupting our government, hurting families and communities and exploding inequality. It’s happening all over America, and increasingly all over the world. And now it’s happening in the Hudson Valley.... Read More

#Hedgepapers No. 38- Larry Levy: Chicago’s Taxpayer-Subsidized Real Estate Tycoon

7 Oct 2016

RAHM’S PAL GETS SPECIAL SUBSIDIES AS SCHOOLS SUFFER The Chicago Public School system is struggling with a $1.1 billion budget deficit this year. Parents, teachers and students are suffering from inadequate resources, and are scared about the future. And as Illinois Governor Bruce Rauner continues to slash funding for public education, public school principals have again been asked to cut their spending, this time by $120 million system-wide mid-year[1] – and Chicago Mayor Rahm Emanuel is demanding that teachers accept $500 million in pension cuts.[2]... Read More

#HedgePapers No. 37 – Trump’s Unholy Trinity: How Three of His Biggest Donors Are Cashing in on California’s Housing Crisis

13 Sep 2016

Introduction: Understanding Trump and His Billionaire Supporters in California During the current presidential race, Donald Trump has come under fire for outrageous and offensive positions on a range of issues. His history of bragging about how he would profit from the real-estate market crash that fueled the Great Recession has drawn considerable scrutiny.... Read More

#HedgePapers No. 36 – Hedge Funds Attack Ohio: How Wall Street Greed Has Destroyed Jobs and Harmed the Economy in the Buckeye State

8 Sep 2016

Introduction and Overview The issues of job loss, outsourcing, trade and the economy are front and center in this year’s elections, especially in Ohio. Yet there hasn’t been nearly enough attention on the role of Wall Street investors and hedge fund managers in the destruction of American jobs here. These influential figures from New York’s wealthy elite are also among the biggest contributors of campaign cash to politicians who have harmed Ohio’s working families and undermined the economic interests of our communities.... Read More

#HedgePapers No. 35 – Billionaire John Paulson – The Epi-Pen Profiteer

30 Aug 2016

Right now, price gouging for the EpiPen is putting a lifesaving medication out of reach for thousands of American families, while at the same time helping a manipulative hedge fund billionaire get even richer. Families shouldn’t have to choose between lifesaving drugs and putting food on the table – it’s unfair, and it’s morally wrong.... Read More

#HedgePapers No. 34 – Rigging the System: How Hedge Fund and Private Equity Billionaires Are Manipulating New York Elections With Help from the Karl Rove-Koch Brothers Empire

23 Aug 2016

“New Yorkers for Independent Action” is a new three-million-dollar Super PAC trying to buy elections in middle-class, working-class and low-income communities from the Bronx to Long Island.[1] We’ve prepared this paper so that the public can understand how “New Yorkers for Independent Action” is spending their big bucks: On TV ads Utilizing The Karl Rove-Koch Brothers Media-Buying Arm On Scandal-Linked Field Consultants in Brooklyn On Republican Election Lawyers in Albany On Scandal-Linked Mail Consultants In Westchester On Who Knows What with an Anonymous LLC in the Bronx On Limousines, Hotels, Flights to Miami And High-End Meals It’s the latest political effort from the Invest in Education Foundation, the same folks who lobbied for lavish refundable tax credits for billionaire and millionaire donors to elite private schools and privatized charter schools in 2015.[2]... Read More

#HedgePapers No. 33 – Attack of the Billionaires: Meet the Millionaires & Billionaires Manipulating Elections in Brooklyn, Bronx & Long Island Communities of Color

18 Aug 2016

“New Yorkers for Independent Action” is a new three-million-dollar Super PAC trying to buy elections in middle-class, working-class and low-income Black and Latino neighborhoods from the Bronx to Long Island. This Super PAC raised $3 million from the same hedge-funders and billionaires who Financed media attacks on Black Lives Matter and fought the $15 minimum wage; Pushed for tax cuts for the rich while working to gut Social Security and Medicare; Financed media smears of Bernie Sanders while protecting the legacy of a North Carolina Ku Klux Klan leader.... Read More

#HedgePapers No. 30 – The Dangerous Deeds of Carl Icahn

17 Jul 2016

Released in partnership with With national attention focused on populist anger over Wall Street’s role in rigging the economy, Americans are taking a growing interest in the business practices of billionaire investors and money managers. Wall Street multimillionaires and billionaires have seen their wealth reach unprecedented peaks even as the rest of the economy sputters and working families see their incomes stagnate or decline.... Read More