What You Need to Know About the CARES Act Bailouts
April 15, 2020 - Economic Liberties published a CARES Act explainer, where we answered questions about the bailout provisions of the CARES Act as carried out by the Fed and offered strategic guidance on future advocacy efforts.
Wired: The Relief Package Ushers In Trump’s Planned Economy
March 31, 2020—Economic Liberties’ Research Director Matt Stoller explained how the lessons learned from the 2008 economic crisis can be used to combat the current pandemic and restart the economy in Wired.
Stock Buybacks and the Coronavirus Crisis
March 27, 2020 - Economic Liberties released a public memo providing stock buyback data for the 50 largest U.S. corporations over the last five years. These companies repurchased a total of $1.1 trillion in their own stock in that timeframe, yet many are still requesting federal support during the coronavirus.
Rescue Mission: Bailing Out Boeing and Rebuilding it to Thrive
March 23, 2020 - Economic Liberties released the first Working Paper in a series on corporate power titled "Rescue Mission: Bailing Out Boeing and Rebuilding it to Thrive." The paper explains how Boeing's financial practices and shareholder focus have decimated the company, and outlines seven conditions for a Boeing bailout.
The American Prospect: The Crisis in Financial Markets Began Before COVID-19
March 19, 2020 - Economic Liberties' Matt Stoller and Fellow Graham Steele published a piece in The American Prospect that explains how the Federal Reserve's lending practices created instability in the financial market prior to the coronavirus.