The Federal Reserve Must Not Finance a Merger Wave
May 7, 2020 - Nine groups led by the American Economic Liberties Project sent a letter to Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin urging them to freeze all mergers and acquisitions activity by otherwise viable corporations as a condition for use of the Federal Reserve and Treasury’s emergency credit programs.
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.
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.
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.