Fresh heat for food delivery giants
May 8, 2020 - "Some of Washington’s most powerful progressive advocacy groups,” led by the American Economic Liberties Project, demanded Congress include a temporary ban on mergers in the next coronavirus relief package.
Wall Street-Friendly Lawmakers Sought Bailout For Shady Lenders
May 8, 2020 – With a bipartisan group of lawmakers working to secure federal assistance for a host of controversial financial reforms, HuffPost talked with Economic Liberties’ Research Director Matt Stoller and Senior Fellow Graham Steele about why the Federal Reserve should not lend to subprime consumer and small business lenders or private equity firms.
25+ National & State Orgs Urge Congress to Pass the Pandemic Anti-Monopoly Act
May 8, 2020 - As large corporations and predatory financiers seek to exploit the global pandemic and further concentrate their economic and political power, 27 national and state organizations today sent a letter to Speaker Nancy Pelosi and Minority Leader Chuck Schumer, urging them to include the Pandemic Anti-Monopoly Act in the next COVID-19 relief package.
Liberal Groups Urge Federal Reserve To Block Mergers Under Coronavirus Bailout
May 7, 2020 - Nine progressive organizations, led by the American Economic Liberties Project, sent a letter to Federal Reserve Chairman Jerome Powell urging him to block any company that receives rescue funding from engaging in merger activity.
The Federal Reserve Must Not Finance a Merger Wave
May 7, 2020 - With dominant corporations and predatory financiers strengthened by the CARES Act and better positioned to buy up businesses in distress, nine groups today 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.