Your Boulder Debate Scorecard
Billionaire hedge fund managers stand astride the worlds of Wall Street and Washington like giants, using millions in campaign cash and lobbying retainers to expand their wealth.... Read More
Billionaire Profiteers & Big Pharma
A new analysis shows rampant speculation by hedge fund and private equity in the branded drugs that are rising fastest in price
It’s not just one highly unethical man: dozens of high-flying financial speculators at hedge funds and private equity firms are driving up the price of pharmaceuticals across the country.... Read More
Antonio Weiss must be recused from decisions on the Puerto Rico crisis
Treasury official Antonio Weiss is currently leading the Treasury Department’s response to the Puerto Rico debt crisis.
But Weiss received a $21,200,000 golden parachute from his previous employer, Lazard Frères, an investment bank with numerous ties to the Puerto Rico debt crisis.... Read More
Hedge Funds Preying on Puerto Rico Manage Over $550 Million in NYCERS Funds
Puerto Rico’s 3.5 million residents face frightening austerity measures in an economic crisis that is unfolding rapidly.
Hedge funds have been buying up a large portion of the island’s debt, sometimes for pennies on the dollar. These hedge funds are betting on big profits if Puerto Rico is not permitted to declare bankruptcy or refinance its $72 billion debt and is forced to repay all creditors in full.... Read More
HEDGE FUNDS ATTACK BALTIMORE: Billionaire financiers want huge profits from tax liens on Baltimore’s poorest residents
Baltimore is one of the only cities in the country to auction off tax liens originating from unpaid residential water bills, and it allows residents to have their debts sold when they accumulate to a mere $250, significantly less than other major cities.
Baltimore also takes the lead when it comes to penalty interest rates, which the City allows to run as high as 18% per annum.... Read More
July 30, 2015
Dear Governor Cuomo –
It is with a growing sense of outrage that we write to you today about the horrifying debt crisis in Puerto Rico. This is a crisis that several of your top New York hedge fund donors are actively exploiting and deepening, in a shameless, morally repugnant effort to make as much money as possible.... Read More
HEDGE FUND Vultures IN PUERTO RICO
They want huge profits – and they will push austerity to secure them
Hedge funds and billionaire hedge fund managers have swooped into Puerto Rico during a fast-moving economic crisis to prey on the vulnerable island. Several groups of hedge funds and billionaire hedge fund managers have bought up large chunks of Puerto Rican debt at discounts, pushed the island to borrow more, and are driving towards devastating austerity measures.... Read More
HEDGE FUNDS ATTACK AMERICAN NEIGHBORHOODS – AGAIN
A new report by our colleagues at the Center for Popular Democracy and the ACCE Institute uncovers how hedge funds and private equity firms have quietly amassed mortgage notes to 200,000 homes in communities around the USA — and they’re getting special treatment from the government to aid their conquests. ... Read More
HEDGE FUND BILLIONS BOOST CUOMO’S PRIVATIZATION PUSH
Why Won’t Hedge Funders Confess Their Role in Multi-Million-Dollar Lobbying Campaign?
More than $13 million has been spent since 2014 by two charter/privatization groups trying to eliminate New York’s cap on charter schools and win backing for an unprecedented tax credit that would divert huge amounts of public resources into private schools.... Read More
Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor
Cuomo’s Latest Scheme: Tax Refunds for Billionaires Who Donate to Elite Private Schools and Privatized Charter Schools
Andrew Cuomo is probably the first Democratic governor in history to back tuition tax credits and taxpayer-funded subsidies to wealthy families who send their children to elite private schools.... Read More