On the Federal Reserve’s Bailout of Boeing: “Boeing is now a state-backed entity.”
May 1, 2020 - The American Economic Liberties Project released the following statement in response to Boeing’s announcement that the company had issued $25 billion in investment-grade bonds, which Moody’s reported are backed by the Federal Reserve.
Bipartisan Lawmakers Demand Answers from Amazon’s Bezos, Threaten Subpoena
May 1, 2020 - The American Economic Liberties Project released the following statement in response to the House Judiciary Committee’s bipartisan letter to Amazon, which detailed Amazon's failure to adequately comply with document requests and called on Jeff Bezos to testify before the Committee to explain a pattern of misleading the Subcommittee, including when Nate Sutton, an Amazon associate general counsel and former DOJ antitrust trial attorney, apparently perjured himself last July.
Congress Must Pass Warren & AOC Merger Moratorium
April 28, 2020 - With dominant corporations and predatory financiers empowered by the CARES Act, the American Economic Liberties Project released the following statement encouraging Congress to pass the merger moratorium announced by Senator Warren (D-MA) and Representative Ocasio-Cortez (NY-14).
Perjury is a Crime, Even When Amazon Does It
April 23, 2020 - The American Economic Liberties Project released the following statement, calling for a criminal perjury investigation of Amazon lawyer Nate Sutton and Amazon senior executives, in response to reporting from the Wall Street Journal, which revealed that Amazon uses trade secret data from independent sellers on its platform to develop competing products.
Economic Liberties Explains How the CARES Act Empowers Wall Street & Big Business
April 15, 2020 - As small businesses struggle to access emergency funding and working people continue to wait for desperately-needed assistance, the American Economic Liberties Project released “What You Need to Know About the CARES Act Bailouts,” a new policy quick take on corporate power that explains how the CARES Act supercharges big corporations’ and Wall Street’s ability to direct more and more wealth and power to themselves, at the expense of consumers, working people, independent businesses, and communities.