Action Center on Race and the Economy


Reports by ACRE


ACRE, the ReFund America Project, and our partners produce cutting edge research about the role that banks, hedge funds, and private equity firms play in driving racial and economic inequality. 

To read reports written by Hedge Clippers, please click here.

To read our reports about the Puerto Rican Debt Crisis, please click here.


Feeling Salty

How Eliminating the State and Local Tax Deduction Will Force Taxpayers to Take Out Billions in Debt to Pay for Tax Cuts for the Wealthy

November 2017


Broken Promises

PROMESA Is a Model for Undermining Democracy and Pushing Austerity Elsewhere in the U.S.

August 2017


To read the rest of our reports about the Puerto Rican Debt Crisis, please click here.

Para leer el resto de nuestros informes sobre la crisis de la deuda de Puerto Rico, haga clic aquí.


Outlook Negative

How Ratings Agencies Punish Local Governments, Create Huge Profits for Wall Street, and Leave Public Employees and People of Color Holding the Bag

May 2017


Casting A Wider Net

Increasing opportunities for minority and women owned asset managers in institutional investments

October 2016


Time to Pay the Piper

How a Hometown Investment Bank Is Draining Millions from Minnesota Cities, Hospitals, State Agencies, and Non-Profit Organizations

September 2016


The Financialization of Higher Education

What Swaps Cost Our Schools and Students

June 2016


Municipal Banking: An Overview

Financing Socially Just and Sustainable Forms of Urban Development

April 2016


Turned Around

How the Swaps that Were Supposed to Save Illinois Millions Became Toxic

January 2016


All That Glitters Is Not Gold

An Analysis of US Public Pension Investments in Hedge Funds

November 2015


Our Kind of Town

A Financial Plan that Puts Chicago's Communities First

March 2015


Wisconsin's Dirty Deals

How Wall Street Drains Taxpayer Money Our of Public Budgets and What We Can Do About It

March 2015


Dirty Deals

How Wall Street's Predatory Deals Hurt Taxpayers and What We Can Do About It

November 2014


Riding the Gravy Train

How Wall Street Is Bankrupting Our Public Transit Agencies by Profiteering off of Toxic Swap Deals

June 2012