2024 Election Data Brief: The Act 22 Donors [Still] Influencing Puerto Rico’s Elections

23 Oct 2024

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Spanish Version of the Report October 2024 In a bid to attract wealthy investors, the Puerto Rican government passed the “Act to Promote the Relocation of Individual Investors to Puerto Rico” in 2012. Act 22, later amended into Act 60, gives wealthy outsiders an unprecedented 100% tax exemption on all income and investments if they move to Puerto Rico.[1]...Read more ›

Vulture Fund Power Players: The lawyers, lobbyists, and trade groups fueling Wall Street predation

21 Feb 2023

[ENGLISH] Vulture Fund Power Players Hedge Clippers Report Feb 2023 FINALDownload [SPANISH] LOS CABECILLAS DE LOS FONDOS BUITRES Hedge Clippers Report Feb 2023 FINALDownload February 2023 Contributors The Center for Popular Democracy is a nonprofit organization that promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country....

#HedgePapers No. 32: Chain of Exploitation: How CarHop Targets Poor Minnesotans To Make A San Francisco Fund Manager Rich

12 Aug 2016

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More and more low-income and working class Minnesotans are getting ripped off by CarHop, the high-cost/high-hassle predatory car sales & loan chain operating in low-income and working-class communities across our state. This predatory auto loan financing corporation is an example of the many industries now being driven by private equity and hedge fund barons who work with CEOs experienced in ripping off low-income and working class consumers, skating across the edges of the law, making exorbitant profits and living in luxury, far from the struggles of their customers....

#HEDGEPAPERS NO. 22 – Hedge Funds Attack American Health Care

30 Sep 2015

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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....

#HedgePapers No. 20 – New York City’s Public Pension Vultures In Puerto Rico

21 Sep 2015

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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....

#HedgePapers No. 19 – HEDGE FUNDS ATTACK BALTIMORE

6 Aug 2015

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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.[1]...

#HedgePapers No. 17 – Hedge Fund Vultures In Puerto Rico

10 Jul 2015

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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....

Partner Paper No. 1 – Hedge Funds Attack American Neighborhoods… Again

25 Jun 2015

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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. ...

#HedgePapers No. 16 – Hedge Fund Billions Boost Cuomo’s Privatization Push

8 Jun 2015

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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....

#HedgePapers No. 15 – Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor

28 May 2015

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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....